CryptoQuant: After excluding 10 years of dormancy BTC, the profitable supply ratio remains at approximately 60%
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AT A GLANCE
After excluding 10 years of dormant BTC, the profitable supply ratio has been approximately August since 60%。
Article
Analysis: Excluding 10 years of dormancy BTC later, the profitable supply ratio has remained at approximately for several consecutive months 60%BlockBeats news,October 7, CryptoQuant analyst Darkfost stated that since August, after excluding more than 10 years without movement,BTC, the proportion of the Bitcoin supply in profit has remained at approximately 60%. This portion of long-dormant BTC is currently in deep profit and has low liquidity. A considerable portion may already be lost, so excluding it provides a more accurate reflection of the current market state.
Most BTC have now re-entered the profitable range, but from a medium- to long-term perspective, the market remains far from overheated. Investors currently face the choice of holding, taking profits, or exiting their positions at a limited loss, especially as some positions have been held for nearly 1 years.
Against this backdrop, it is unsurprising that BTC continues to fluctuate around current levels; subsequent price action will still depend on the interplay of supply and demand.
Original link https://m.theblockbeats.info/flash/370576
Key points
01
BlockBeats reported that CryptoQuant analyst Darkfost stated that since August, after excluding more than 10 years without movement of BTC, the proportion of BTC supply in profit has consistently been approximately 60%。
02
This portion of long-dormant BTC is deeply profitable and has low liquidity; a considerable portion may already be lost.
03
The news reported that most BTC have re-entered the profitable range, but the market remains far from overheated.
04
Subsequent price action will still depend on the interplay of supply and demand.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Profitable supply ratio” refers to the share of the current BTC supply that is in profit at the current price. The analysis excluded more than 10 years without movement of BTC, considering that this more closely reflects the current market state.
Why it matters to readers
Approximately 60%of the supply is in profit, indicating that most BTC holders' positions have re-entered the profitable range, but the news does not establish the direction of prices on this basis.
This is not a BTC price forecast, but rather a way to understand how much supply may be in profit and how long-dormant BTC affects the indicator.
Risks and unknowns
Raw data, the indicator calculation methodology, and charts were not provided in the evidence.
The statement that “a considerable portion of long-dormant BTC may already be lost” does not provide a specific proportion.
The profitable supply ratio itself cannot determine the BTC direction of subsequent prices.
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Profitable supply ratio
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