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

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While Bitcoin's (BTC) profitable supply is approaching the 60% level, recent analysis suggests the possibility of the market recovery stalling once again. These metric changes indicate profit-taking pressure from investors and the risk of further declines. Market participants should monitor on-chain data and adopt a conservative approach.

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DYAX Investor Sentiment

Bullish (Long) 42% · Bearish (Short) 58%

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