Bitcoin's Profitable Supply Remains High, Suggesting Bull Market Continuation: CryptoQuant Analysis

According to TechFlow, CryptoQuant analyst Coinonni reported on September 30 that Bitcoin's profitable supply has remained above 80% for most of the current bull market cycle. Historically, Bitcoin's profitable supply tends to stay above 80% during bullish phases, reflecting a strong market sentiment.Despite some recent market corrections that briefly pushed this indicator below 80%, these moments have often presented buying opportunities for investors. This trend suggests that Bitcoin holders remain largely in profit, which may provide continued support for the ongoing bullish market trend.