CoinVoice recently learned that CryptoQuant analyst coinonni said that in the current bull market cycle, Bitcoin's profitable supply has remained above 80% most of the time. Looking back at past cycles, Bitcoin's profitable supply has mostly remained above 80%.
Although the indicator has briefly been pushed below 80% several times in recent summer, these moments have often become buying opportunities. This phenomenon may indicate that despite some recent market corrections, Bitcoin holders as a whole are still in a profitable state, which may provide support for the subsequent market trend. [Original link]
