"Over 85% of Bitcoin Holders are Profitable... Suggesting Short-term Rise"

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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."

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