CryptoQuant analyst Darkfost reports that Bitcoin's share of supply in profit has stabilized around 60% since August when excluding coins dormant for over 10 years. The analysis suggests this metric indicates the market is far from overheated, supporting continued price consolidation at current levels as most active BTC remains in a profitable state.
Excluding decade-old dormant coins provides a more accurate reflection of liquid market conditions, as these long-unmoved assets are often considered lost or permanently illiquid. The current profitability level is now driving investor decisions between holding, taking profits on year-long positions, or exiting at limited losses, with the resulting supply-demand dynamics expected to determine Bitcoin's next directional move.
CryptoQuant: BTC Supply in Profit Holds at 60% Excluding Dormant Coins
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