CryptoQuant: Bitcoin profit-loss supply pattern mirrors past cycle bottoms
- —About 69% of BTC supply is in profit, 31% in loss
- —Realized price is $53,824 versus market price of $83,419
- —Convergence and divergence of profit/loss supply mirrors past cycle bottoms
- —Unlike prior bottoms, BTC did not fall below its realized price
Why it matters: If the pattern holds, it could signal the market is transitioning into a bullish phase of the cycle.
Source: Koin Bülteni