Darkfost says Bitcoin's percentage of supply in profit has fallen back to 53.8%, while market confidence still needs to recover
BIBIBI
AT A GLANCE
Analyst Darkfost said that Bitcoin buyers and sellers remain hesitant, and market confidence needs time to recover.
Article
Viewpoint: Bitcoin is currently in a phase where both buyers and sellers are hesitant, and market confidence is rebuilding
BlockBeats reported that October 20, crypto market analyst Darkfost stated that the Bitcoin market is currently in a phase of insufficient investor confidence and hesitation among both buyers and sellers. The current percentage of supply in profit has fallen from the previously brief breakout above 60%to 53.8%, nearing the 50%breakeven line. This metric excludes Bitcoin held for more than 10 years to better reflect conditions in the current circulating market.
Such conditions are not uncommon at the end of a bear market. After the market undergoes selling and capitulation phases and the percentage of supply in profit falls below 40%, it generally takes time to rise above 50%. Restoring investor confidence and generating new demand take time. The market still needs to wait for investor behavior to gradually stabilize and drive a sustained improvement in profitability.
Original link https://m.theblockbeats.info/flash/372797
Key points
01
BlockBeats said that October 20, crypto market analyst Darkfost shared views on the Bitcoin market.
02
Darkfost said that the Bitcoin market is currently in a phase of insufficient investor confidence and hesitation among both buyers and sellers.
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The article stated that the current percentage of supply in profit has fallen from the previously brief breakout above 60%to 53.8%, nearing the 50%breakeven line.
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The article stated that this metric excludes Bitcoin held for more than 10 years.
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Darkfost believes that restoring investor confidence, generating new demand, and stabilizing investor behavior all require time.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Percentage of supply in profit” can be understood as the proportion of Bitcoin supply currently in profit. The article stated that this proportion fell to 53.8%, so the analyst believes that market confidence and demand have not yet stabilized. However, this is a market view and does not mean that prices will necessarily rise or fall.
Why it matters to readers
This metric is used to observe the overall profit-and-loss position of Bitcoin holders and changes in market confidence. A sustained improvement in the percentage of supply in profit may be consistent with a recovery in market conditions; however, this metric alone cannot confirm the subsequent price direction.
Beginners can view this as an indicator for observing market sentiment, rather than a direct buy or sell signal; they should continue to monitor whether this proportion can remain consistently above 50%and whether new demand emerges.
Risks and unknowns
The content is BlockBeats' restatement of Darkfost's views and does not display the original post.
The article does not provide the data source, calculation methodology, or statistical time point for the percentage of supply in profit, 53.8%so it cannot be independently verified.
The statement that this is “not uncommon at the end of a bear market” and the related historical patterns are analytical judgments and cannot prove the current stage of the market.
The percentage of supply in profit nearing 50%cannot independently determine the next direction of Bitcoin's price.
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Share of supply in profit
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