Bitcoin Supply In Profit Jumps To 63%: Why Analysts Are Still Cautious
Bitcoin’s on-chain profitability has recovered sharply from its March lows, however analyst Axel Adler Jr. says the market nonetheless lacks a stronger behavioral affirmation {that a} sturdy reversal is underway. In his May 19 “Bitcoin Morning Brief,” Adler pointed to a blended setup throughout two intently watched on-chain indicators: Bitcoin Percent Supply in Profit and…
