🔍 On-chain signal: Bitcoin’s active supply in profit has dropped below 45%.
In simple terms, fewer of the coins that are actually moving on the network are being moved at a price above where they were last bought. Analysts watch this metric because:
🔸 Fewer holders in profit can mean less selling pressure from people taking gains
🔸 It can also show that the market is under stress
Some traders see low readings as a sign the market may be close to a bottom, while others see more pain ahead. Nobody can say for sure.
Which side are you on? 👇
#BitcoinActiveSupplyInProfitDropsBelow45% #BTC
#Onchain #bitcoin
In simple terms, fewer of the coins that are actually moving on the network are being moved at a price above where they were last bought. Analysts watch this metric because:
🔸 Fewer holders in profit can mean less selling pressure from people taking gains
🔸 It can also show that the market is under stress
Some traders see low readings as a sign the market may be close to a bottom, while others see more pain ahead. Nobody can say for sure.
Which side are you on? 👇
#BitcoinActiveSupplyInProfitDropsBelow45% #BTC
#Onchain #bitcoin