Bitcoin’s Supply Profitability Shows Signs of Improvement

CryptoQuant analyst Axel shared observations on Bitcoin’s supply profitability on social media. The percentage of Bitcoin in a profitable state, measured over a 30-day timeframe, has improved from -12% to -6%. This change suggests reduced selling pressure and hints that market participants are buying during price dips. While the current proportion remains lower than last month, the rate of decline has narrowed considerably, indicating a waning negative momentum in the market.