$BTC PROFITABILITY JUMPS, BUT BEAR MARKET GHOST STILL LURKS 🚨
Supply in profit hit 57.5% — a sharp bounce from June's 46.2% low. But here's the catch 📊 Historically, real recoveries only start above 64% and when long-term holder SOPR holds above 1 for sustained periods. Right now? That SOPR line has been below 1 for over 50 straight days 🔻
That means old whales are still selling at a loss, and this rally lacks the conviction of a true cycle bottom. The last time these metrics flipped bullish was April–June — and it reversed hard. 💡 Until we see supply-in-profit reclaim 64% and LTH spending turn green, this could just be another liquidity trap before the next leg down.
💬 Do you trust this bounce, or are you waiting for those two lights to turn green before going long? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
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#BTC #Profitability #FalseBreakout #CryptoAnalysis #BearWarning 🐻 🛡️