PANews October 20 news: Crypto analyst Darkfost posted that Bitcoin is currently in a period full of doubt, with investors generally taking a wait-and-see attitude. Although profitability in the market has rebounded slightly, it is not yet enough for holders to feel confident of solid gains and thereby drive further market movement. This state corresponds to the range in which "50% of supply is in profit." This ratio previously briefly exceeded 60% and has now fallen back to 53.8%. This behavior is normal at the end of a bear market. After the capitulation phase in which profitable supply fell below 40%, it takes time to regain the 50% threshold, rebuild investor confidence, and attract new demand. At present, it is still necessary to patiently wait for market behavior to stabilize before profitable supply can continue to consolidate.
PANews October 20 news: Crypto analyst Darkfost posted that Bitcoin is currently in a period full of doubt, with investors generally taking a wait-and-see attitude. Although profitability in the market has rebounded slightly, it is not yet enough for holders to feel confident of solid gains and thereby drive further market movement. This state corresponds to the range in which "50% of supply is in profit." This ratio previously briefly exceeded 60% and has now fallen back to 53.8%. This behavior is normal at the end of a bear market. After the capitulation phase in which profitable supply fell below 40%, it takes time to regain the 50% threshold, rebuild investor confidence, and attract new demand. At present, it is still necessary to patiently wait for market behavior to stabilize before profitable supply can continue to consolidate.