Only 46.9% of $BTC's circulating supply is currently in profit, a level that has historically appeared during periods of maximum fear, forced selling, and market exhaustion.
This metric doesn't predict the exact bottom, but it does reveal something more important most weak hands have already been tested.
Throughout previous cycles, similar readings have often preceded major trend reversals as long-term holders quietly accumulated while sentiment remained bearish.
The market rarely rewards those waiting for perfect certainty.
It rewards those who recognize value before the crowd does.
(Chart By Axel Via CryptoQuant)
#BTC Price Analysis#
This metric doesn't predict the exact bottom, but it does reveal something more important most weak hands have already been tested.
Throughout previous cycles, similar readings have often preceded major trend reversals as long-term holders quietly accumulated while sentiment remained bearish.
The market rarely rewards those waiting for perfect certainty.
It rewards those who recognize value before the crowd does.
(Chart By Axel Via CryptoQuant)
#BTC Price Analysis#