Darkfost
The percentage of BTC supply in profit has just reached a historically critical threshold.
Contrary to what many might think, having a large share of supply in profit is not inherently negative, on the contrary, it is even necessary to fuel the waves of euphoria that the market relies on. The long-term average, defined by the bell curve, sits at 75%. In other words, since Bitcoin’s inception, the average share of supply in profit has been around 75% . Bull phases are often accompanied by more than 90% of supply being in profit. Conversely, dropping back below this 90% threshold has very often marked the beginning of a corrective phase, whether short or long term. During bear markets, bottoms tend to form when the share of supply in profit falls below 50%. We have now just reached this critical 90% level.