Bitcoin's Profitable Supply Ratio Remains at 52% as Bear Market Enters Its Final Phase

ME News reports that on August 5 (UTC+8), CryptoQuant analyst Darkfost disclosed data showing that the percentage of profitable Bitcoin supply is currently at 52%, meaning nearly half of all circulating BTC are in a loss position. This level is a key turning point in every bear market—during each deep correction, the proportion of profitable supply eventually remains above the loss proportion for an extended period. Although this metric briefly dipped below the 50% threshold in June and July, a sustained dominance of loss positions has not yet occurred. The current reading of 52% indicates that the bear market has progressed deeply and the market is approaching the cycle’s bottom region. The analyst further noted that regardless of the final absolute price low, the market is now entering the final stage of the bear market. The significant concentration of holdings accumulated in the $60,000 to $63,000 range has drawn widespread attention to the potential for a directional breakout, while the continued contraction of the profitable supply ratio provides additional on-chain validation for this view. Historical patterns show that when the profitable supply ratio completes a bottom formation near 50%, it often signals the beginning of a new accumulation phase. (Source: BlockBeats)