Bitcoin’s Bull Run at Risk: Analyst Points to 90% Supply in Profit as a Key Turning Point

Bitcoin enthusiasts are observing a crucial development affecting the cryptocurrency market. Crypto analyst Darkfost, contributing to CryptoQuant, has noted a significant rise in the Bitcoin Supply in Profit ratio to an impressive 90.4%. This indicates that most holders have achieved profitability on their investments and may be hesitant to sell at current prices. But what implications does this high proportion of profitable Bitcoin holdings hold for the future of BTC’s bull run?