Bitcoin's Supply in Profit Metric Drops Below 50%, Signals Accumulation
The article highlights a significant development concerning Bitcoin's "total supply in profit" metric, which reportedly fell below the 50% mark in February. This threshold is noted for its historical correlation with previous BTC accumulation phases. The analysis explores whether this recent drop could signal a similar market outcome. Historically, a previous instance when this metric dipped to 50% was followed by Bitcoin gaining 655%. The current data point prompts consideration of a potential new accumulation period for the asset, drawing parallels to past market behaviors.
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