Bitcoin's profitable supply share has decreased to 55%, according to CryptoQuant analyst Darkfost. This decline follows a 12.5% drop in Bitcoin's price over the past week. Historically, bear markets have seen this indicator fall below 50%, indicating a market dominated by holders not realizing losses. The indicator previously reached 53% in February, and the current trend suggests it may soon dip below the 50% threshold. While this signals a bearish trend in the short term, such conditions have historically offered profit opportunities for long-term investors.
Bitcoin's Profitable Supply Share Drops to 55%, Signaling Short-Term Bearish Trend
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
