The supply of Bitcoin in a profitable state in the market has surpassed 85%, approaching the historical high warning line of 90%. Generally, this ratio indicates that the market is in a strong bullish cycle.
Looking back at recent market fluctuations, the profitable supply of Bitcoin once fell back to around the critical point of 75%. If this value continues to decline, it may trigger large-scale profit-taking by investors, even leading to market panic selling. Historical data shows that during bear markets, the profitable supply has dropped to a minimum range of 45%-50%.
It is noteworthy that when the profitable supply exceeds 90%, the market often falls into short-term euphoria, but what follows may be a price adjustment.
The current market is accelerating towards this key threshold, and the subsequent trend is highly anticipated.
