[Opinion: Bitcoin is currently in a phase of hesitation between buyers and sellers, with market confidence rebuilding] BlockBeats News, October 20, crypto market analyst Darkfost shared an opinion stating that the Bitcoin market is currently in a phase where investor confidence is lacking, and both buyers and sellers are hesitant. The current proportion of profitable supply has fallen back to 53.8% from a brief peak above 60%, approaching the 50% breakeven line. This metric excludes Bitcoin held for over 10 years to better reflect the state of the circulating market. Such situations are not uncommon at the end of a bear market. After the market experiences phases of sell-offs and capitulation, with the proportion of profitable supply dropping below 40%, it usually takes some time to climb back above 50%. The recovery of investor confidence and the formation of new demand require time. The market still needs to wait for investor behavior to gradually stabilize, driving a sustained improvement in profitability. [Original link]