Analysis: On-chain indicators suggest BTC may be approaching the cycle bottom, with "profit and loss chips" converging.

SmartContractAuditor · 2026-02-04T12:16:49+00:00

Data shows that approximately 11 million BTC are in profit, while 8.9 million are in loss. The comparison between profit and loss supply is close to a critical historical range, which may indicate that the market is about to enter a bottoming phase. Investors should consider multiple factors to assess market trends.

SmartContractAuditor

2026-02-04 12:16:49

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Odaily Planet Daily reports that data from Glassnode shows approximately 11 million BTC are currently in profit (meaning the purchase cost is below the current market price), and about 8.9 million BTC are in loss. As the gap between the two continues to narrow, the Supply in Profit vs Supply in Loss indicator is approaching a critical convergence zone that has occurred multiple times in history. This indicator measures the number of wallets currently in profit versus those in loss. When these two figures gradually balance out, it often corresponds to a market bottom phase in history and is seen as an important signal for market capitulation and long-term investment opportunities. If the profit and loss supplies further converge, it may indicate that the market is entering a cyclical bottom formation stage commonly seen in history. However, it still requires a comprehensive assessment considering macro liquidity, derivatives structure, and market sentiment. (CoinDesk)

BTC-2,88%

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