Bitcoin (BTC) hodlers are returning to profit as new data hints the BTC price has put in the “foundation” of a macro bottom.

The latest figures from on-chain analytics firm Glassnode shows a large swathe of the BTC supply heading “into the black” as BTC/USD passed $18,000.

In terms of numbers, at $18,200, 13% of the circulating BTC supply had returned to profit, according to Glassnode.

(By WILLIAM SUBERG)