[CryptoQuant: Bitcoin's "profitable supply" level indicates the potential for further gains] Golden Finance reported that CryptoQuant pointed out that the price of Bitcoin rose nearly 8% after the US Federal Reserve cut interest rates by 50 basis points. Its "profitable supply" indicator has broken through the 365-day moving average, indicating that further gains may be possible in the future. The indicator shows that more and more Bitcoin holders are in a profitable state, which may reduce selling pressure and boost market confidence. However, Bitfinex analysts warned of caution, pointing out that Bitcoin's rise was initially driven by spot market purchases, but the slowdown in this activity may lead to consolidation or partial pullbacks in the short term.