BTC supply in profit eyes 60%, but analysis hints recovery may ‘roll back over’
Bitcoin supply profitability improved versus its 2026 low, but analysis warned that a fake recovery had already broken down at the start of June.
Bitcoin (BTC) investors are back in aggregate profit, but onchain data suggests it’s too early to confirm a new bull market.
Key points:
According to onchain analytics platform CryptoQuant, Bitcoin supply in profit rebounded above the 50% mark in July.