[Opinion: BTC's current rebound has temporarily lost direction, but a trend reversal cannot yet be confirmed] BlockBeats News, September 30, CryptoQuant analyst Axel Adler Jr. stated that BTC rose from approximately $76,000 to $87,000 between September 17 and 27, pushing the proportion of supply in profit from 65% to a peak of 73.8%, before falling back to around 72% as of September 29, 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, with BTC's price holding around $83,000. Adler pointed out that the momentum reaching zero indicates that the current rebound has temporarily lost direction, but a trend reversal cannot yet be confirmed. If the indicator further drops into negative territory and the proportion of supply in profit declines again, the signal of market weakness will become significantly stronger. [Original link]