Bitcoin supply in profit at cycle bottoms is now sitting at 47.91%. Historical readings: 2012: 47.77% 2014: 42.23% 2019: 40.20% 2022: 47.98% 2026: 47.91% We’re now back in a zone that has previously aligned with major cycle lows. Not confirmation. But it’s the same area where previous bottoms have formed.

Bitcoin supply in profit at cycle bottoms is now sitting at 47.91%.

Historical readings:

2012: 47.77%
2014: 42.23%
2019: 40.20%
2022: 47.98%
2026: 47.91%

We’re now back in a zone that has previously aligned with major cycle lows.

Not confirmation.

But it’s the same area where previous bottoms have formed.

— That Martini Guy ₿ (@MartiniGuyYT) Jun 9, 2026