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Supply at a profit
When the price of Bitcoin reaches an all-time high, we will start to see the percentage of profits performed up to 100%. More importantly, we will see long-term container supply climb into the higher profit range. Since long-term holders are driving the market with 81% supply, the key to identifying when their profit-taking behavior may cool the market is when they begin to reach new heights. Long-term holders realized huge profits in the previous ATH, indicating that the spot market has cooled down due to the seizure of the derivatives market.
Currently, 95.2% of all bitcoin supplies are profitable. During the peak run-up of the bull cycle, the supply can be in the range of more than 95% for the few weeks before the healthy drawdown. Even after this drawdown, the big trend may persist for several months during the bull cycle.
Supply at a loss
Bitcoin supply has reached a six-month low in losses. It also shows how far the new all-time high stands; Any holder who wants to depart at breakaway cost will probably have the opportunity in the next day / week.
With the rise in fever by long-term holders since mid-2021, it has been said that the percentage of supply to holders is about to break all-time highs.
A different (reverse) look, showing the percentage of short-term container supply, shows the historic historical supply skew that is currently taking place. Or historically, when short-term container supply comes close to 20%, Bitcoin moves upwards. The proverbial spring seems to be coiled as always.