Bitcoin gained 655% the last time this supply in profit metric dropped to 50%
Bitcoin's price surged by 655% the last time the supply in profit metric fell to 50%. This metric indicates the percentage of Bitcoin supply that is currently in profit, and a drop to 50% suggests a potential market bottom. Analysts are observing this trend closely, as historical patterns show significant price increases following similar supply dynamics. The current supply in profit has recently approached this critical threshold, raising speculation about a potential bullish trend for Bitcoin.
Read the full article: Coin Telegraph