Deep Tide TechFlow News, June 10th, according to on-chain analysis platform CryptoQuant, the "Profit Supply Percentage" indicator for Bitcoin is approaching the critical threshold of 45%. Historical data shows that this level is usually associated with periods of high market pressure and large-scale capitulation risk. In contrast, during bull market peaks, this indicator often exceeds 90%. Current data indicates that a large amount of Bitcoin holdings have shifted from profit to loss, and the market is experiencing a deep reset of expectations rather than being in an exuberant phase.

From on-chain patterns, profit compression often drives chips from weak hands to long-term holders, which may short-term increase volatility, but historically, such redistribution processes help form healthier market structures, and long-term opportunities may be emerging.