BTC Supply in Profit Hits 60%, but Analysts Flag Possible Retracement

CryptoQuant's Supply in Profit metric shows that 57.5% of Bitcoin holders are now profitable, up from 46.2% on June 30.

This is a significant improvement, but analysts at CryptoQuant warn that it may be too early to declare a sustained recovery. They point out that prior bear market endings have required both supply strength and long-term holder SOPR staying in a healthy range.

The current rebound has been sharp, with Supply in Profit rising toward 60%, but CryptoQuant's framework suggests investors should look for confirmation beyond a single rebound.