BTC supply in profit eyes 60%, but analysis hints recovery may ‘roll back over’
Cointelegraph 2026-07-24 09:43:07
Context: The Bitcoin market is experiencing a potential recovery, with the supply of Bitcoin in profit increasing to nearly 60%. However, analysis suggests that this recovery may be short-lived and could "roll back over". This development comes after a fake recovery earlier in June that ultimately broke down.
Key Facts
- The profitability of the Bitcoin supply has improved from its 2023 low, with nearly 60% of the supply now in profit.
- A previous recovery attempt at the start of June was identified as a fake recovery that ultimately broke down, according to analysis.
- The current recovery may follow a similar pattern and "roll back over", indicating a potential reversal in the market trend.