BlockBeats News, August 5th, CryptoQuant analyst Darkfost revealed data indicating that Bitcoin's profit-taking supply ratio is currently at 52%, with nearly half of the circulating BTC in a loss. This level is a key turning point in each bear market—during each major pullback, the profit-taking ratio has eventually operated above the loss ratio for a period of time. In June and July, this metric briefly dropped below the 50% mark, but a sustained dominance of loss-taking has not yet occurred. The current reading of 52% suggests that the bear market has progressed significantly, and the market is approaching the bottoming zone of the cycle.

The analyst further pointed out that regardless of where the absolute bottom falls in terms of price, the market is currently entering the final stage of the bear market. The concentration of substantial chips in the $60,000 to $63,000 range has attracted widespread attention for a directional breakout. The continued contraction of the profit-taking supply ratio provides another on-chain evidence dimension for this assessment. Historical patterns indicate that when the profit-taking supply ratio completes its bottom formation around the 50% mark, it often signals the start of a new accumulation phase in the cycle.