Bitcoin Profit Supply Hits 57.5% Amid Ongoing Market Uncertainty

Bitcoin's circulating supply in profit has risen to 57.5% as of July 22, up from a low of 46.2% at the end of June.

This rebound follows a similar pattern observed between April and June when the LTH-SOPR metric exceeded 1.0 for 35 consecutive days, although the market subsequently declined.

Analysts warn that this recovery lacks confirmation of a bear market exit, with neither condition required to confirm an end to a bear market met: Bitcoin's supply in profit stabilising above 64% and the LTH-SOPR remaining above 1.0 for an extended period.