Percent Supply in Profit

What share of all bitcoin in circulation is worth more today than the price it last changed hands at.

The percentage of all circulating bitcoin whose last-moved price is **below** today's price โ€” in other words, the share of coins whose owners are ahead.

It reaches 100% at every new all-time high, when every coin is in profit, and has fallen to around 35โ€“45% at the lows of past crashes (2015, 2018, 2022), which historically marked the cheapest moments. For example, 62% means roughly six coins in every ten are **above** water while four are underwater. Being a percentage, it compares cleanly across different cycles.

In words: the coins in profit divided by all coins in circulation, shown as a percentage.

It counts **coins**, not people: one wallet holding many coins weighs more than many wallets holding a few. Our node sorts coins into price steps about 5% wide, so on a day the price crosses a crowded step the share can jump a lot at once. Coins minted before bitcoin had a market price always count as in profit.

Safu's own Bitcoin node, recomputed daily from the full chain.

Safu's own Bitcoin node ยท 1 point/day