Bitcoin Profit Supply Ratio Rises to 69%, Buying Pressure May Quickly Diminish After Short Squeeze
On September 11, crypto analyst @AxelAdlerJr stated that the Bitcoin profit supply ratio has risen to 69%, with a 90-day change of +41%. The current BTC price is around $77,000, indicating that the recent price rebound has significantly increased the profitability for holders. @AxelAdlerJr emphasized that the current buying pressure mainly comes from mechanical repricing after a short squeeze, rather than sustained spot buying. Historically, this kind of rapid momentum tends to diminish quickly, and there may be a pullback or sideways consolidation in the market ahead.
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