Coin World Network news: According to a tweet by cryptoquant analyst Darkfost, Bitcoin’s net supply ratio has been negative for a week and has fallen to -0.075, which corresponds to a buy signal. The last time a similar situation occurred was at the end of the bear market in late 2022. Darkfost said that UTXO analysis shows the Bitcoin market is entering an accumulation phase, with multiple indicators reaching extreme levels, pointing to seller exhaustion. However, this indicator is not used to identify tops or bottoms; rather, it helps judge whether the overall supply is in a state of higher profit or larger losses. This does not mean BTC will not fall further—more time is still needed to wait for demand to recover.