Wu Blockchain reports that CryptoQuant analyst Darkfost tweeted that Bitcoin's net supply ratio has been negative for a week straight, dropping to -0.075, which corresponds to a buy signal. The last time a similar situation occurred was at the end of the 2022 bear market. Darkfost stated that UTXO analysis shows the Bitcoin market is entering a phase where accumulation becomes relevant, with multiple indicators hitting extreme values, pointing to seller exhaustion. However, this indicator is not designed to identify tops or bottoms but rather to help assess whether the overall supply is in significant profit or loss. This does not mean BTC won't decline further; we still need to wait for demand to recover. https://(wublock123.com)/news/cryptoquant-bitcoin-net-supply-turns-negative-buy-signal-63813