Foreign media: CryptoQuant data show that after a recent rebound, 69 per cent of the supply of bitcoin has been profitable. This followed a one-time recovery of bitcoin from approximately $62,000 to around $80,000, which led to more holding to the top of the cost line.
The profit ratio has recovered
This indicator reflects whether the holder as a whole is in surplus or in deficit under current prices. The report mentions that, over the past cycle, the share of profits from the supply of bitcoin has remained at more than 50 per cent, so that this recovery is not unusual.
There's still a lot of warehouse losses.
Nevertheless, the data also show that there is still a deficit of approximately $61.7 billion on the basis that the total market value of bitcoin exceeds $1 trillion. The analysts therefore concluded that the market repairs had not been fully completed.
Fragmentation after a short-line rebound
According to the article, this round increase has improved the bookkeeping performance of most investors, but the supply-for-profit ratio does not in itself provide a separate indication that the trend has completely increased. The market continues to absorb the loss position left by the previous retreat.