Analyst: Percentage of profitable bitcoin supply drops to 55%, a short-term bearish signal

ChainCatcher news: CryptoQuant analyst Darkfost posted on the X platform that over the past week, Bitcoin fell by 12.5%, and the proportion of supply held in profit has dropped to 55%, which is clearly a low level. Historically, bear markets have pushed this indicator below 50%, meaning that unrealized losses dominate the market. In February this year, this indicator reached 53%, and at the current pace, the 50% threshold is about to be breached. Darkfost stated that although this is a bearish signal in the short term, for long-term investors, such periods have always been profitable opportunities.