BTC supply in profit eyes 60%, but analysis hints recovery may ‘roll back over’

Bitcoin supply profitability improved versus its 2026 low, but analysis warned that a fake recovery had already broken down at the start of June.

Bitcoin (BTC) investors are back in aggregate profit, but onchain data suggests it’s too early to confirm a new bull market.

Key points:

According to onchain analytics platform CryptoQuant, Bitcoin supply in profit rebounded above the 50% mark in July.

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