Analyst: Bitcoin's profit supply ratio has rebounded to 69%, with a 90-day increase of +41%
CryptoQuant analyst Axel Adler Jr. stated that on-chain data shows the proportion of Bitcoin supply in profit has rebounded from 47% at the end of June to 69%, moving away from historically common market pressure zones.
Meanwhile, the 90-day change of this metric rapidly reversed from -19% in early August to +41%, marking one of the faster recoveries in Bitcoin's history.
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