📉 Bitcoin Profit Supply drops near Bear market levels

—> Today, nearly 1 BTC out of 2 is held at a loss.

More precisely, the share of Bitcoin supply still in profit is estimated at around ~59%, a level close to what was observed during the last bear market.

💡— This may seem counterintuitive to some, but the market actually needs investors in profit to sustain a positive momentum.

Historically, the average sits closer to ~75% of supply in profit.

We are therefore well below typical levels today.

—> Looking at the data, the 50% level appears to be a key threshold.

We are not there yet, but historically bear markets have tended to bottom around that area.

This chart helps assess when losses or profits become significant across the market.

The strategy is relatively straightforward :

— Accumulate when losses reach extreme levels, positioning yourself ahead of a majority of investors.

— Reduce exposure when profits approach 100%.

👉 The current environment appears more suited for accumulation than for selling at this stage.

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