Bitcoin Supply in Profit Slides to 68.85%, Signaling a Critical Market Transition

TLDR: Bitcoin’s Supply in Profit at 68.85% places the market firmly in the transition zone between bull and bear phases. The sustained decline since October 2024 suggests structural fatigue, not a short-term pullback or anomaly. Prolonged consolidation below 75–80% historically raises the probability of deeper downside phases. Elevated volume masks weakening internals, reinforcing the need [...]

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