Bitcoin’s Supply in Profit has fallen to around 51.4%, a level that has historically appeared near major market-bottoming phases.
The interesting part isn’t simply that fewer holders are profitable — it’s that the metric is approaching the same zone seen during previous capitulation periods.
If the pattern repeats, this could signal that weaker holders are being flushed out while higher-conviction buyers gradually absorb the supply.
Not confirmation of a bottom, but definitely a zone worth watching.
$BTC
#BTC #supply #OilEdgesHigher
The interesting part isn’t simply that fewer holders are profitable — it’s that the metric is approaching the same zone seen during previous capitulation periods.
If the pattern repeats, this could signal that weaker holders are being flushed out while higher-conviction buyers gradually absorb the supply.
Not confirmation of a bottom, but definitely a zone worth watching.
$BTC
#BTC #supply #OilEdgesHigher