BTC supply in profit eyes 60%, but analysis hints recovery may ‘roll back over’

According to Cointelegraph, Bitcoin's supply profitability has seen a significant increase, nearing 60%, up from a low of approximately 46% in June. However, analysts from CryptoQuant caution that the market's recovery may not be sustainable, highlighting that a prior attempt at a bullish trend broke down just weeks ago. Long-term holders continue to experience losses, indicating that caution is warranted before confirming a new bull market. Read the full story at Cointelegraph . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.