Analysts: Bitcoin's profitable supply share has fallen to 55%, a bearish signal in the short term.

PANews reported on June 4th that CryptoQuant analyst Darkfost wrote on the X platform that Bitcoin has fallen 12.5% ​​in the past week, and the percentage of supply holding profits has dropped to 55%, a significantly low level. Historically, bear markets have pushed this indicator below 50%, meaning that the market is dominated by those not yet realizing losses. This indicator reached 53% in February of this year, and at the current rate, the 50% threshold is about to be broken. Darkfost stated that while this is a bearish signal in the short term, such periods have historically presented profit opportunities for long-term investors.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Anthropic: Approximately 67% of banned accounts had used AI to assist in cyberattacks.
PANews Newsflash