PANews reported on April 29 that CryptoQuant analyst Darkfost pointed out that the profitable supply in the Bitcoin market has exceeded 85%, close to the historical excitement level of 90%. The current ratio usually indicates that the market may be in a bullish phase. In the recent market adjustment, the profitable supply has dropped to about 75%, close to the key level, and further declines may cause more investors to choose to take profits or panic in the market. In the past bear market, the profitable supply has dropped to as low as 45-50%. Historical data shows that when the profitable supply exceeds 90%, the market usually enters a short period of excitement, but adjustments may follow. We are currently approaching this critical level.