Bitcoin Supply Profitability Shows Signs of Improvement

CryptoQuant analyst Axel shared insights on social media regarding Bitcoin’s supply profitability. Notably, the percentage of Bitcoin in a profitable state has improved, transitioning from -12% to -6%. This shift suggests reduced selling pressure and indicates increased buying during price dips. While the current proportion remains lower than last month, the rate of decline has significantly slowed, signaling a diminishing of negative momentum for Bitcoin’s market trend.