Analyst: Excluding BTC dormant for over 10 years, the market's circulating supply in profit reaches 60% and has not yet overheated.
CryptoQuant analyst Darkfost stated that after excluding Bitcoin (BTC) that has not moved in over 10 years, the proportion of the BTC supply in a profitable state has remained around 60% since August. The analysis notes that from a medium- to long-term perspective, most BTC in the market has returned to a profitable state and is far from overheated levels. Consolidation around this level is therefore a reasonable development.
