TechFlow reported on September 30 that Bitcoin’s profitable supply has remained above 80% for the majority of the current bull market cycle, as noted by CryptoQuant analyst Coinonni. Historically, Bitcoin’s profitable supply tends to surpass 80% during market uptrends, indicating strong investor sentiment.

Although there have been recent market corrections that temporarily lowered this indicator below 80%, these instances have frequently presented buying opportunities for investors. This pattern implies that Bitcoin holders generally remain in profit, which may contribute to the continued backing of the bullish market trend.