The $BTC Supply in Profit is at its lowest level.
The supply of $BTC increases slightly with each cycle. Due to this effect, the supply in profit formed a trend line, and the cycle bottomed out at that line.
However, this trend has broken in this cycle. It is showing greater weakness than in previous cycles.
Currently, $BTC is under stronger downward pressure compared to other cycles. However, various data also show that buying by whales is at its strongest in history.
Those who survive at the end of this panic will seize everything. However, a significant number of retail investors are selling and leaving the market. Whales are absorbing everything.

Written by CW8900
