Analysis: Bitcoin Supply in Profit Ratio Rises to 57.5%, But Bull Market Confirmation Still Awaits

TechFlow news, July 24, according to Cointelegraph, CryptoQuant data shows that the Bitcoin Supply in Profit (Supply in Profit) percentage has risen to 57.5%, significantly rebounding from the low of 46.2% on June 30, 2026, and is currently approaching 60%. However, the current trend is still insufficient to confirm that a new bull market has begun, and the market still faces the risk of a further decline. Although the BTC Supply in Profit ratio is improving, the market needs further confirmation of long-term holder behavior and changes in profit structure before determining whether the current rebound is truly turning into a new upward cycle.