According to Wu Blockchain, CryptoQuant analyst Axel Adler Jr. stated that BTC rose from around $76,000 to $87,000 between September 17 and 27, driving the proportion of supply in profit from 65% to a peak of 73.8%. As of September 29, it has fallen back to about 72%, still below the long-term average of 76%. Meanwhile, the fast and slow lines of its Bitcoin Impulse Performance indicator both dropped to 0 on September 29–30, while BTC price remained around $83,000. Adler pointed out that the momentum hitting zero indicates that this rebound has temporarily lost direction, but it cannot yet confirm a trend reversal. If the indicator further drops into negative territory and the proportion of supply in profit declines again, the signal for market weakness will become significantly stronger. https://www.(wublock123.com)/news/cryptoquant-btc-rebound-momentum-zero-profit-supply-falls-72-69275