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Bitfinex flags that more than 71% of bitcoin supply is now held in profit, approaching the band that has historically coincided with bear-to-bull regime shifts, while realized volatility stays compressed. The on-chain channel matters for market structure rather than immediate price: a rising profitable-supply share reduces capitulation pressure from underwater holders but also rebuilds latent sell-side supply into rallies, and low volatility typically precedes expansion in either direction. Confirmation would require the profit share pushing further above this level alongside sustained spot ETF inflows and firmer BTC/ETH beta to NASDAQ; a slide back below with widening volatility would signal distribution instead of transition.
As a Research signal, watch whether it changes price action, volatility, or flows around BTC, ETH.
Original Source: The Block
This page is market information analysis, not investment advice.
Influencer Threads
The author notes that Bitcoin has fallen into the roughly $78,300 zone marked in blue and that a retest of that level is currently underway, with a comparison drawn to a similar instance earlier this year. This is the author's chart-based read on BTC price structure, and the remainder of the comparison is not fully available in the post.
Dalio argues that money has no intrinsic value and only matters when tied to a clear purpose, questioning whether it improves friendships, marriage, or relationships with children. In his view, real success is knowing your nature, finding the best path through it, and being able to look back and say that was the life you wanted.
Dalio cites Carl Jung's line that man needs difficulties and that they are necessary for health, arguing that people instinctively avoid pain even though struggle builds both body and mind. In his view this avoidance is strongest when people face the harsh reality of their own imperfections; the post is personal philosophy with no market content.
Dalio cites Carl Jung's line that man needs difficulties and that they are necessary for health, arguing that people instinctively avoid pain whether they are building the body through weight lifting or the mind through frustration, struggle, embarrassment and shame. In his view this avoidance is strongest when people face the harsh reality of their own imperfections; the post is personal philosophy with no market content.
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