The recent surge in crypto markets has pushed a majority of top digital assets into profitable territory, according to the latest data from blockchain analytics firm Santiment.
The firm revealed that a significant share of the circulating supply of major cryptocurrencies is currently “in the money”—a metric based on the average on-chain purchase price.
Santiment’s latest snapshot of profitability shows the following percentages of supply in profit:
- Bitcoin (BTC): 94.5%
- Ethereum (ETH): 88.7%
- XRP: 65.1%
- Dogecoin (DOGE): 64.7%
- Chainlink (LINK): 59.4%
- Cardano (ADA): 46.5%
BTC and ETH Lead, But Santiment Warns of Short-Term Profit-Taking
With 94.5% of Bitcoin holders sitting on unrealized gains, Santiment suggests market sentiment is extremely bullish—but also near frothy levels. “When 19 out of every 20 BTC is in profit, the probability of investors realizing profits increases,” the firm noted, hinting at a potential wave of sell pressure.
Ethereum, with nearly 89% of its supply in profit, mirrors a similar pattern. Both assets have rallied alongside renewed institutional inflows and easing macro uncertainty, pushing investor confidence near cycle highs.
ADA’s Position Signals Pain—But Also Potential
In contrast, Cardano appears to be lagging, with just 46.5% of its supply in profit. This means that more than half of ADA investors are currently at a loss. According to Santiment, this can suggest undervaluation, especially if network fundamentals remain intact.
“Assets where a large portion of supply is underwater can signal potential opportunity zones—assuming no major structural concerns,” Santiment added.
As traders navigate rising prices and potential overvaluation risks, profit-taking behavior and rotation into lagging altcoins may shape the next phase of the market cycle.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/how-many-investors-are-in-profit-across-the-top-cryptos/