The percentage of profitable Bitcoin supply drops to 55%, short-term bearish CryptoQuant analyst Darkfost pointed out that Bitcoin has dropped 12.5% over the past week, and the percentage of supply currently in profit has fallen to 55%, a noticeably low level. Historically, bear markets have pushed this metric below 50% (indicating loss-making positions dominate). Earlier this year in February, the metric hit 53%. Darkfost believes the 50% threshold is about to be breached at the current pace, signaling a short-term bearish trend. However, he also noted that such periods have historically been profit opportunities for long-term investors.