[Analysis: One Indicator Suggests Bitcoin May Revisit Cycle Bottom, Historically Proven Accurate] According to CoinDesk analysis, an on-chain indicator called 'Bitcoin Profit and Loss Supply' suggests that the current market may be approaching a historically significant bottom area. This indicator measures the relationship between the overall market's holding cost and price by comparing the number of Bitcoin in profit versus those in loss. Glassnode data shows that approximately 11.1 million Bitcoins are currently in profit, while 8.9 million are in loss. Historically, when these two figures converge, it often corresponds to the market's cycle bottom, such as in 2022 (around $15,000), 2020 (below $3,000), 2019 (around $3,300), and 2015 (slightly above $200), all of which occurred after this signal appeared. The analysis points out that if convergence occurs at the current cost basis level, it could indicate that Bitcoin's price may approach $60,000. By tracking changes in the volume of profitable and loss-making coins within circulating supply, this indicator reflects the overall holding pressure and investor sentiment in the market. Its convergence point is considered a reliable signal for identifying market capitulation and long-term opportunities.