PANews reported on October 20 that crypto analyst Darkfost noted Bitcoin is currently in a period of uncertainty, with investors generally adopting a wait-and-see approach. Although market profitability has seen a slight rebound, it remains insufficient to enable holders to secure steady gains and further propel the price higher. This situation corresponds to the range where "50% of the supply is in profit." Previously, this ratio briefly exceeded 60%, but it has now fallen back to 53.8%. Such behavior is typical at the end of a bear market; after the profitable supply dips below 40% during the capitulation phase, it takes time to regain the 50% threshold, rebuild investor confidence, and attract new demand. For now, patience is still required as the market stabilizes before profitable supply can continue to strengthen.
Analyst: Bitcoin's profit supply has fallen to 53.8%, with investors generally adopting a wait-and-see approach.
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