Introducing the indicator, which makes Bitcoin cycles easy to understand. $BTC
This indicator represents the ratio of supply in profit, and is used to assess the progression and transitions of cycles. (Though it can't be cut as precisely as with a sharp knife..)
Bull Market (Euphoria Phase): >80%
Transition Phase: 55%~80%
Bear Market Bottom Phase: ≤55%
Currently, Supply in Profit is at 63.39%, showing a temporary departure from the bear market / bottom phase.
However, in past cycles, the percentage has recovered only to fall back below 55% again, deepening the bottom, so it's still too early to judge a transition to a bull market.
Price momentum on $BTC is pushing back into the 70+ zone after repeated dips into oversold territory, signaling a strong recovery in underlying strength. The pattern of higher lows in the momentum indicator suggests accumulation is quietly building, even while price continues to fluctuate within a broad range. With bands tightening and momentum stabilizing, the setup is leaning toward a potential expansion phase.
This is where positioning matters, not chasing! #Bitcoin #BTC