Summary
- It was reported that Bitcoin's profit state ratio surpassed 85%, indicating a possibility of a short-term rise.
- It was stated that if this ratio exceeds 90%, there is a possibility of market overheating and surge.
- However, it was elaborated that the overheated state is short-lived and there is a possibility of correction afterward.
The Supply in Profit ratio of Bitcoin (BTC) is increasing, suggesting a short-term surge, according to analysis.
On the 29th (local time), a contributor to CryptoQuant's Dark Post reported that "Bitcoin's profit state ratio has surpassed 85%," adding that "a significant portion of the supply entering the profit zone is a signal suggesting further rise." Furthermore, "historically, when this ratio exceeds 90%, the market overheats and surges," he added.
However, he elaborated that "the market overheating mostly ends shortly," and "a correction may follow."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Analysis] "Bitcoin deposits to Binance top $7.5bn…mirroring past bear markets"](https://media.bloomingbit.io/PROD/news/49d66929-6d71-49d5-969d-f7ff78e8357c.webp?w=250)
