- Bitcoin, Ethereum and XRP supplies have hit historically high-risk profit levels compared to their averages from 2018.
- Santiment analysts believe these asset prices can climb higher due to exposure from ETFs and other positive developments.
- A breach below 75% of the asset’s supplies in profit could ensure long-term price growth in BTC, ETH and XRP.
Bitcoin price sustained below the $43,000 level despite historically high-risk profit levels, as seen on Santiment. Analysts at the on-chain data intelligence tracker note that once the level of supply in profit (currently above 80%) declines below the 75% mark, it is likely that the asset prices continue climbing.
Also read: Bitcoin price drops 8% in one week, BTC halving event draws close
Bitcoin, Ethereum and XRP supplies climb to record high-profit levels
Bitcoin, Ethereum and XRP’s 83%, 84% and 81% supply is currently profitable, according to Santiment data. These numbers put the three assets in the high-risk profitability zone, as seen in the chart below. The averages for the three assets have been typically in the 55-75% range over the past five years.
Analysts at Santiment believe there is room for BTC, ETH and XRP prices to climb higher. Experts argue that these assets have potential for long-term growth amidst positive development
Bitcoin, Ethereum and XRP Ledger. Source: Santiment
In the past two weeks, the approval of Spot Bitcoin ETF, news of leveraged ETF filing by issuer ProShares and the rise in Ethereum price against Bitcoin, have fueled optimism among traders. Experts believe that once the percentage of total supply in profit declines below the 75% range, it can be considered a signal of long-term growth.
The speculation surrounding XRP ETF is another factor likely to influence sentiment among market participants and impact the profitability of BTC, ETH and XRP supply. At the time of writing, Bitcoin price is $42,424, ETH is trading at $2,511.71 and XRP is exchanging hands at $0.5617.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin consolidates ahead of MicroStrategy Q1 earnings, strategic Bitcoin reserve deadline
Bitcoin price is extending its consolidation streak, trading around $95,000 on Wednesday, as traders await a decisive breakout. MicroStrategy’s Q1 earnings release and the approaching deadline for the Strategic Bitcoin Reserve have the potential to move BTC price.
Chainlink price offers mixed signals as supply outside of exchanges soars but network activity declines
Chainlink's supply outside exchanges has surged to 803.38 million from 778.87 million in under two months. LINK network activity declines, with new and active addresses falling from a recent peak.
Ripple Price Prediction: XRP price uptrend toward $3 looks steady
Ripple (XRP) price hovers at $2.24 at the time of writing on Wednesday as bulls try to prevent the pullback from its April peak of $2.36 from extending further. If XRP holds above the immediate support at $2.21, a reversal could soon ensue.
THORChain announces integration of XRP stagenet ahead of the mainnet network launch
THORChain announced on Tuesday that its stagenet development of its Ripple (XRP) integration is nearing the final step, with mainnet activation imminent. This integration enhances THORChain’s economic model by increasing swap activity and protocol fees.
Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge
Bitcoin price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week. This week’s rally was supported by strong institutional demand, as US spot ETFs recorded a total inflow of $2.68 billion until Thursday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.