Analysis: After a short squeeze, the proportion of profitable Bitcoin supply rapidly increases; historically, such buying pressure tends to decay quickly.

BlockBeats news, September 11: Crypto analyst @AxelAdlerJr stated that the current proportion of profitable Bitcoin supply has risen to 69%, with a 90-day change of +41%, corresponding to a current BTC price of approximately $77,000, indicating that the recent price rebound has significantly improved holders' profitability.

@AxelAdlerJr emphasized that a large portion of current buying is driven by mechanical repricing after a short squeeze, rather than sustained spot buying. Historically, such rapidly surging momentum often decays quickly, making the market prone to pullbacks or sideways consolidation afterward.