ChainCatcher message, CryptoQuant analyst coinonni stated that during the current bull market cycle, the profitable supply of Bitcoin has remained above 80% for most of the time. Looking back at past cycles, the profitable supply of Bitcoin has mostly stayed above 80%.Although there were brief instances this summer when the indicator dipped below 80%, these moments often became buying opportunities. This phenomenon may indicate that despite some recent market adjustments, Bitcoin holders are still in a profitable position overall, which could provide support for the market's subsequent trends.

ChainCatcher news, according to The Block, CryptoQuant pointed out that the price of Bitcoin rose nearly 8% after the U.S. Federal Reserve cut interest rates by 50 basis points. Its "profit supply" indicator has broken through the 365-day moving average, suggesting further potential increases in the future.This indicator shows that an increasing number of Bitcoin holders are in profit, which may alleviate selling pressure and boost market confidence. However, Bitfinex analysts caution that the rise in Bitcoin was initially driven by spot market purchases, and a slowdown in this activity could lead to consolidation or partial pullbacks in the short term.