CryptoQuant Analyst: Bitcoin Net Supply Ratio Turns Negative and Triggers Buy Signal, On-Chain Data Points to Signs of Selling Pressure Exhaustion
CryptoQuant analyst Darkfost stated that the Bitcoin Net Supply Ratio has been in negative territory for a consecutive week, recently dropping to -0.075, triggering a buy signal. This indicator is based on the profit/loss status of Unspent Transaction Outputs (UTXO), used to evaluate the profit or loss level of the overall market supply, thereby assisting in judging whether an accumulation phase is forming.
