Supply in profit is a metric that is calculated by determining which coins were moved the last time the price was below the current price. It shows the absolute number of coins that are currently generating profit.
âïž The data, crossed the yearly moving average from below to above, indicating a decrease in selling pressure and a likely subsequent price increase.
This trend, as well as the latest growth, can be linked to the Fed rate cut. Therefore, if confirmed, in the medium and long term, in the 4th quarter of this year, we will enter a new phase of growth in the market.
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