Analyst: Bitcoin's profitable supply falls to 53.8%
- —Share of BTC supply in profit fell to 53.8% from above 60%
- —The metric sits in the "50% of supply in profit" zone
- —Analyst calls the move normal for the end of a bear market
- —Recovery takes time after profit share fell below 40%
Why it matters: A low share of profitable coins points to a fragile market: without a return above 50%, sustained bitcoin demand is unlikely to recover.
Source: PANews
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