Analyst: Percentage of profitable bitcoin supply drops to 55%, a short-term bearish signal
ChainCatcher news: CryptoQuant analyst Darkfost posted on the X platform that over the past week, Bitcoin fell by 12.5%, and the proportion of supply held in profit has dropped to 55%, which is clearly a low level. Historically, bear markets have pushed this indicator below 50%, meaning that unrealized losses dominate the market. In February this year, this indicator reached 53%, and at the current pace, the 50% threshold is about to be breached. Darkfost stated that although this is a bearish signal in the short term, for long-term investors, such periods have always been profitable opportunities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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