Analyst: Bitcoin Profit Supply Percentage Remains at 52%, Bear Market May Have Entered Final Stage

TechFlow News, August 5th, CryptoQuant on-chain analyst Darkfost stated that the current percentage of Bitcoin profitable supply is still hovering around 50%, standing at 52% today. This means that nearly half of Bitcoin is currently at a loss. He pointed out that this level is a key turning point in a bear market; in previous bear markets, the market eventually shifts to a state where more supply is at a loss, and persists for a period of time.

As of now, this indicator only briefly fell below 50% in June and July, but this indicates that the bear market may have currently entered a relatively deep stage. Regardless of the final bottom position or lowest price, the market is currently entering the final stage of the bear market.