Data shows that the percentage of supply in profit has now increased to 83.6%, a level that can be interpreted as encouraging. A reason for this is that investors are once more prepared to hang onto their Bitcoin in anticipation of future gains.
According to Darkfost, this kind of behavior is a healthy one, which could help rebuild momentum. However, since the metric typically indicates overheated market circumstances, it will be important to keep a careful eye on it when it crosses back above 95%.
