Bitcoin Profit Supply Ratio Rises to 57.5%, Bull Market Confirmation Still Requires Observation

The profitability status of the Bitcoin market has improved, but a new bull market has not yet been confirmed. According to CryptoQuant data, the Bitcoin profit supply ratio has risen to 57.5%, a significant rebound from 46.2% on June 30, approaching 60%. However, the recovery of the profit supply ratio still requires ongoing verification. Historical data shows that the end of a bear market must meet two conditions: first, the 30-day simple moving average of the long-term holders' profit-loss ratio must remain above 1; second, the Bitcoin profit supply ratio must stabilize above 64%. Analysts point out that this cycle has seen a similar occurrence.

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