#bitcoinactivesupplyinprofitdropsbelow45%
More than half of Bitcoin's actively circulating supply is now underwater. Is a market bottom getting closer?
According to CryptoQuant contributor Darkfost, less than 45% of Bitcoin's adjusted active supply remains in profit. Coins inactive for more than 10 years are excluded from this analysis.
Key takeaways:
More than 55% of adjusted active supply is in loss.
Selling pressure has increased.
Historically, readings below 40% have often coincided with correction lows.
Bitcoin investors are watching for signs of capitulation.
Why it matters:
When most active Bitcoin holders are underwater, market sentiment can become extremely bearish. However, this indicator may also signal that selling pressure is approaching exhaustion.
The big question: Is Bitcoin approaching a major bottom, or is more downside coming?
