Bitcoin Supply In Profit Jumps To 63%: Why Analysts Are Still Cautious

Bitcoin’s on-chain profitability has recovered sharply from its March lows, but analyst Axel Adler Jr. says the market still lacks a stronger behavioral confirmation that a durable reversal is underway. In his May 19 “Bitcoin Morning Brief,” Adler pointed to a mixed setup across two closely watched on-chain indicators: Bitcoin Percent Supply in Profit and […]