CryptoQuant: Bitcoin profit supply has exceeded 85%, and market correction may occur when it exceeds 90%

CryptoQuant analyst Darkfost pointed out that the profitable supply in the Bitcoin market has exceeded 85%, approaching the historical excitement level of 90%. The current ratio usually indicates that the market may be in a bullish phase. In the recent market adjustment, the profit supply has dropped to about 75%, close to the critical level, and further decline may lead to more investors choosing to take profits or market panic. In past bear markets, the lowest profit supply has dropped to 45-50%. Historical data shows that when the profit supply exceeds 90%, the market usually enters a brief period of excitement, but adjustments may occur later. We are currently approaching this critical level.