Bitcoin

<ul><li>CryptoQuant unveils an unprecedented profit ratio, indicating significant unrealized gains for Bitcoin holders amidst market dynamics.</li><li>The current supply profit ratio of 94.98% reflects past market peaks in 2017 and 2021.</li><li>Analyst alarms against overly aggressive investments, particularly amidst growing institutional interest, emphasizing the likelihood of potential price dips.</li></ul>Amidst the prevailing anticipation for <a href="https://cryptotale.org/bitcoin-halving-countdown-commences-as-market-reacts-to-changing-dynamics/" rel="noopener noreferrer nofollow">Bitcoin Halving</a> and the recent price surge over $58k, a renowned on-chain analytical platform, CryptoQuant, has shared insights regarding Bitcoin&#39;s supply-in-profit ratio. According to a recent X post, the platform revealed that this ratio indicates the proportion of Unspent Transaction Output (UTXO) value in profit compared to the total UTXO value. In simpler terms, it reflects the rate of Bitcoin holders with unrealized profits.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3e91bbfbc6bc4d81a6dfb2a80fd511e6.png" />According to CryptoQuant&#39;s analysis, the ratio for identifying peaks and bottoms in <a href="https://cryptotale.org/bitcoin-surges-towards-60k-milestone-analyst-predicts-pre-halving-breakthrough/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> long-term cycle is a crucial indicator. As of now, the ratio stands at an impressive 94.98%, which is a strong signal to look at.The current ratio, represented by a pink circle, is similar to the ratio observed at the peak of the echo bubble in 2019 and the beginning of the bull market in 2020, marked by blue circles. Additionally, there have only been three other instances where the ratio was higher: during the rally to the 2017 peak, the rally to the 2021 peak, and the 2021 all-time high indicated by yellow circles.<a href="https://cryptotale.org/bitcoin-profit-ratio-hits-highs-cryptoquant-analysis-warns-of-potential-price-dips/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Bitcoin Profit Ratio Hits Highs: CryptoQuant Analysis Warns of Potential Price Dips

CryptoTale

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