Bitcoin Supply Hits Profit Euphoria Zone: What Does It Mean?

Cryptocurrency investors are buzzing as a key metric reveals a dramatic shift in Bitcoin’s landscape. According to data provided by CryptoQuant contributor Darkfost, the percentage of Bitcoin held in profit has surged past 85%, indicating a potent signal that the market is edging closer to peak bullish sentiment and potential price peaks. This surge is indicative of a historical phenomenon that often precedes intense market excitement, known as the ‘euphoria zone’.