😱 FUD: 90% of $BTC supply in profit

According to CryptoQuant, the euphoric phase of a bull market is characterized by the percentage of BTC in profit remaining above 90%. BTC supply in profit has just reached a historically critical value.

Contrary to popular belief, a high supply in profit is not a negative factor, on the contrary, it is even necessary to maintain the waves of euphoria that the market relies on. In bear markets, the bottom is usually formed when the supply in profit falls below 50%.

Now this figure has returned to 90% and may decrease, which has often served as a signal for the beginning of a correction or even a crypto winter.