Bitcoin Profit Supply Remains Above 80% in Current Bull Market

According to Foresight News, CryptoQuant reports that during the current bull market cycle, Bitcoin's profit supply has remained above 80% for most of the time. Reflecting on past cycles, Bitcoin's profit supply has generally stayed above this threshold. Although there have been brief periods during the recent summer when this metric dipped below 80%, these moments often presented buying opportunities. This phenomenon suggests that despite recent market adjustments, Bitcoin holders are largely still in a profitable position, which could support the market's future trajectory.