Analyst Darkfost says Bitcoin supply in profit has fallen back to 53.8%
BIBIBI
AT A GLANCE
Analyst Darkfost says the proportion of Bitcoin supply in profit fell from briefly exceeding 60%to 53.8%, with investors generally taking a wait-and-see approach.
Article
Analyst: Bitcoin supply in profit falls back to 53.8%, with investors generally taking a wait-and-see approach
PANews October 20 reported that crypto analyst Darkfost wrote that Bitcoin is currently in a period filled with uncertainty, with investors generally taking a wait-and-see approach. Although profitability in the market has rebounded slightly, it remains insufficient for holders to feel they are earning stable profits, thereby driving further market development. This condition corresponds to the range in which “50%of the supply is in profit.” Previously, this proportion briefly exceeded 60%, and has now fallen back to 53.8%. This behavior is normal toward the end of a bear market. Following a capitulation phase in which supply in profit falls below 40%, it takes time to rise back above the 50%threshold, rebuild investor confidence, and attract new demand. For now, patience is still needed while market behavior stabilizes before supply in profit can consolidate sustainably.
PANews reported that crypto analyst Darkfost believes Bitcoin is in a period filled with uncertainty, with investors generally taking a wait-and-see approach.
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Darkfost said the proportion of Bitcoin supply in profit had previously briefly exceeded 60%, and has now fallen back to 53.8%。
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Darkfost associates the current condition with a range in which approximately 50%of supply is in profit.
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Darkfost believes that market behavior must still stabilize before supply in profit can consolidate sustainably.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Supply in profit” refers to the proportion of Bitcoin supply currently in profit. According to Darkfost, the proportion falling back to 53.8%means that although more than half of supply remains in profit, holders’ sense of profitability and confidence are not yet firm.
Why it matters to readers
Analysts use this indicator to observe holders’ profitability and market confidence; its decline and the wait-and-see sentiment may indicate that the momentum for further market development remains unclear.
Beginners may view it as one indicator for observing market sentiment and should not judge Bitcoin’s price direction based on this proportion alone.
Risks and unknowns
The original article did not provide the underlying on-chain data or calculation methodology for the supply-in-profit indicator.
53.8%The reading of and the prior breach of 60%have not been independently verified.
“End of a bear market” and “capitulation phase” are the analyst’s market interpretations, rather than confirmed market stages.
The original article did not confirm Bitcoin’s subsequent price trend, changes in new demand, or when supply in profit will stabilize.
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Supply in profit
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