In the blockchain industry, the proportion of Bitcoin supply currently in profit, represented by the blue line, is notably high. This suggests that a significant portion of the market might be considering realizing gains, potentially leading to increased selling pressure. Historically, such elevated levels have often preceded market volatility and potential downturns as holders begin to liquidate their positions.

We are nearing the 'grey line', which signifies the optimism/pessimism threshold for the crypto market. Market participants should be vigilant; crossing below this line could trigger a deeper correction in prices. However, if we remain above this line, market sentiment is likely to stay positive, and any correction could be short-lived.

Profitability is a crucial factor in market psychology, especially in the current macroeconomic conditions where expansionary monetary policies do not favor risk assets. Participants should carefully monitor these dynamics as they can significantly influence market movements. This analysis is brought to you by Kripto Mevsimi.