CryptoQuant: After Excluding BTC Dormant for Over 10 Years, the Share of Supply in Profit Has Held Around 60%

PANews, October 7 – CryptoQuant analyst Darkfost said that after excluding Bitcoin that has not moved for more than 10 years, the share of BTC supply in profit has held around 60% since August. The analysis noted that from a medium- to long-term perspective, most BTC in the current market has returned to a profitable state and is far from overheated, so continued consolidation around this level is reasonable.

The analysis argued that coins that have not moved for more than 10 years are extremely deep in profit and are viewed as lacking liquidity, and a large portion of them may have been lost; excluding them can more accurately reflect the current state of the market. The current share in profit is prompting investors to weigh once again whether to keep holding, or to take profit on positions held for nearly a year or exit at a limited loss, and the tug-of-war between supply and demand will determine the subsequent trend.