CryptoQuant: After excluding BTC that has been dormant for over 10 years, the profit supply ratio continues to maintain around 60%

CryptoQuant analyst Darkfost stated that after excluding Bitcoin that has not moved for over 10 years, the proportion of BTC supply in profit has remained around 60% since August.

The analysis pointed out that from a mid to long-term perspective, most of the current BTC in the market has returned to a profitable state and has not yet reached overheating levels, making continued consolidation around this level a reasonable phenomenon. The analysis believes that tokens that have not moved for over 10 years are deeply profitable and are considered to lack liquidity, with a significant portion likely lost. Excluding these can more accurately reflect the current market situation. The current proportion in profit prompts investors to reassess whether to continue holding or to take profits on positions held for nearly a year or exit with limited losses, with supply and demand dynamics determining the subsequent trend.