📺 Here is our This Week in Crypto market update with Thinking Crypto! We take a look at Bitcoin whale accumulation, Ethereum & Solana retailers showing surprising FUD, and whether crypto traders should see a likely all-time high here in July!

📺 Crypto markets showed some serious fear to start the week, following airstrikes between the U.S. and Iran. However, things have appeared to smooth over, and look more optimistic heading into the weekend. We discuss on our This Week in Crypto show.

📊 With crypto moving sideways, retail optimism toward Bitcoin & Ethereum has died down a bit. Meanwhile, XRP sentiment is currently at a 17-day high, in terms of positive vs. negative commentary. This has happened after a $50M settlement between Ripple & the SEC was stalled.

📊 Here is the Percent of Total Supply in Profit for six top-cap cryptocurrencies. This metric tracks the percentage of each asset’s circulating supply currently held at a profit (meaning the market price is higher than the average on-chain acquisition price). As of the latest data point, the percent of supply in profit is approximately:

🪙 Bitcoin $BTC: 94.5%

🪙 Ethereum $ETH: 88.7%

🪙 XRP $XRP: 65.1%

🪙 Dogecoin $DOGE: 64.7%

🪙 Chainlink $LINK: 59.4%

🪙 Cardano $ADA: 46.5%

📈A high percentage, such as Bitcoin’s 94.5%, indicates that the vast majority of holders are in profit, which making an argument for slight overvaluation in the short term. When roughly 19 out of every 20 coins are in profit like this, it will typically lead to strong market confidence. However, it also suggests that there's a greater risk of profit-taking and corrections.

📉On the flip side, a low percentage, like Cardano’s 46.5%, means that more than half of holders are at a loss, which can reflect undervaluation and more of a bearish sentiment from jaded investors who bought at a higher price than where ADA sits currently. Its low supply in profit does suggest greater potential for growth, though, if crypto has another bull cycle later this year.

📑 Bookmark this chart to assess relative value and positioning. Coins with a low percent of supply in profit, like ADA and LINK, may appeal to contrarian or long-term investors looking for assets that haven’t experienced a strong rally in quite some time.

📺 In our latest video with ⁨@ThinkingCrypto⁩, we check out the on-chain & sentiment metrics behind Bitcoin, Ethereum, XRP, and Solana. See what others in crypto can't as we kick off a (hopefully) bullish summer.

📊 The XRP ledger is showing serious signs of growth, from both a usage and key stakeholder perspective.

📈 The amount of interacting $XRP addresses has averaged over 295K per day over the past week. Its normal daily average over the past 3 months was approximately 35-40K.

🐳 Additionally, there are now over 2,700 whale & shark wallets holding at least 1M $XRP for the first time in the asset's 12+ year history.

Is this the week we see Bitcoin challenge the $112K all-time high? Has retail sold off enough to justify pumping whale portfolios? We discuss crypto's top cap, along with Ethereum, XRP, and Solana, with Thinking Crypto in our latest market update!

📈 As crypto markets attempt to rally at the end of the work week, crypto networks continue to grow over time. Here are the total amount of holders for select top caps:

🪙 Ethereum $ETH: 148.38M Holders

🪙 Bitcoin $BTC: 55.39M Holders

🪙 Dogecoin $DOGE: 7.97M Holders

🪙 Tether $USDT: 7.79M Holders

🪙 XRP $XRP: 6.53M Holders

🪙 Cardano $ADA: 4.49M Holders

🪙 USD Coin $USDC: 3.30M Holders

🪙 Chainlink $LINK: 766.01K Holders

💸 Percent of Total Supply in Profit is a straightforward metric that shows how much of a cryptocurrency’s current circulating supply is held at a profit—meaning the coins were bought at a lower price than they’re worth today. Currently, some notable top caps' supply in profit stats look like:

🪙 Bitcoin $BTC: 98.4%

🪙 Ethereum $ETH: 71.5%

🪙 XRP $XRP: 98.3%

🪙 Dogecoin $DOGE: 77.9%

🪙 Cardano $ADA: 71.0%

🪙 Chainlink $LINK: 80.5%

Even a tiny gain like +0.00001% counts as being “in profit,” making this a simple, yes-or-no measurement of market positioning, for every single coin. It helps investors quickly understand whether most holders are likely feeling optimistic or jaded, based on how their holdings have performed since entering circulation.

As more coins are mined, we will naturally see each coin see more and more of its total supply in profit. But by measuring the ratio of the asset's total supply in profit, we get a clear long-term picture of the market mood at a given moment because it focuses only on the currently available supply. Since crypto supply often increases over time, using percentages avoids misleading conclusions and helps investors gauge whether a coin is relatively overbought or oversold.

When combined with other metrics like MVRV (Market Value to Realized Value), RSI (Relative Strength Index), or Network Realized Profit/Loss, Percent in Profit becomes even more powerful. Crypto is a zero-sum game. So when large portions of a network are heavily in profit, the odds of profit-taking and a short-term pullback rise. But when most holders are sitting at a loss, it often indicates fear, undervaluation, and a potential opportunity to enter or add to a position before a price recovery.

Despite the all-time high celebrations, crypto never sleeps. And making the most informed decisions from here will likely come down to following key whale wallets and avoiding crowd think. We talk markets with Thinking Crypto.