Bitcoin volatility remains subdued as supply in profit nears historical bear-to-bull transition level: analysts
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Over 71% of Bitcoin's supply sits in profit, nearing the historic threshold that usually signals a bear‑to‑bull shift, analysts note. Bitfinex reports this metric climbing as volatility stays low, suggesting traders are less reactive to price swings. The rising profit‑on‑supply ratio could boost confidence, potentially fueling upward price momentum overall.
More than 71% of bitcoin supply is now in profit, approaching a level that has typically marked bear-to-bull transitions, Bitfinex said.