Bitcoin gained 655% the last time this supply in profit metric dropped to 50%

Bitcoin's supply in profit metric dropped below 50% in February, a threshold historically associated with accumulation phases. The last time this metric hit 50%, Bitcoin subsequently gained 655%, suggesting potential for significant price appreciation.

• →Bitcoin's supply in profit metric fell below 50% in February 2024.
• →This 50% threshold has historically marked accumulation phases for Bitcoin.
• →The previous time this metric dropped to 50%, Bitcoin gained 655%.
• →The metric serves as a technical indicator for identifying potential market bottoms.
• →Historical data suggests this could signal a bullish accumulation opportunity.