Analysis: The proportion of profitable Bitcoin supply has remained above 90% for more than a month, increasing sell pressure risk. PANews reported on August 1 that Glassnode published an analysis on platform X stating: "The proportion of profitable Bitcoin supply has remained above 90% for more than a month. When almost all holders are in a profitable state, profit-taking pressure tends to accumulate. The +1 standard deviation threshold for this indicator is 91%—this is the key level that needs to be focused on currently. If it falls below this threshold, it may indicate a larger price pullback."