On-Chain Indicator Flashing Cyclical Bottoming Signal for Bitcoin (BTC), Says Crypto Analyst Benjamin Cowen

On-Chain Indicator Flashing Cyclical Bottoming Signal for Bitcoin (BTC), Says Crypto Analyst Benjamin Cowen


A widely followed crypto analyst says that one key on-chain indicator is pointing toward a cyclical bottom for Bitcoin (BTC).

In a new video update, crypto analyst Benjamin Cowen tells his 774,000 YouTube subscribers that Bitcoin’s percentage of supply in profit and loss metric is flashing signs of a historical bottom for the top crypto asset by market cap.

The on-chain indicator shows what percentage of BTC coins are giving their holders a profit or a loss.

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Says Cowen,

“One of my favorite on-chain indicators is the Bitcoin percentage of supply in profit and loss. The reason I like this one is because of how cyclical it looks – the ebb and flow of this indicator…

What you’ll notice is that there is a

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