TechFlow reported on September 30 that CryptoQuant analyst coinonni stated that during the current bull cycle, the percentage of bitcoin's supply in profit has mostly remained above 80%. Looking back at previous cycles, bitcoin's profitable supply ratio also largely stayed above 80%. Although this metric was briefly pushed below 80% multiple times during the recent summer period, those moments often turned out to be buying opportunities. This phenomenon may indicate that despite recent market adjustments, bitcoin holders overall remain in a profitable position, which could provide support for future market movements.
Add to Favorites
Share to Social Media
