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Analysis: The profit supply ratio of Bitcoin has remained above 90% for more than a month, increasing sell pressure risk.
PANews August 1 news, Glassnode published an analysis on the X platform stating: "The proportion of profitable Bitcoin supply has remained above 90% for more than a month. When almost all holders are in a profitable state, profit-taking pressure often accumulates. The +1 standard deviation threshold for this indicator is 91%—this is a key level that needs to be focused on currently. If it falls below this threshold, it may indicate a larger price pullback."