Bitcoin supply in profit falls below trendline, Joao Wedson notes

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Daria Chernytska

02.07.2026

Bitcoin supply in profit falls below trendline, Joao Wedson notes — Bitcoin enters key phase as trend shifts

Joao Wedson highlights that Bitcoin has entered a decisive phase, with the supply in profit losing its trendline for the first time. According to Joao Wedson, short-term holders are now under less pressure than before, which may signal the beginning of the final accumulation phase for Bitcoin.

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Wedson previously suggested that Bitcoin’s price bottom could arrive before the release of GTA 6, anticipating a shift in crypto market sentiment after the game's launch (link). He has also forecast that Bitcoin may reach $57,300, citing the need to monitor liquidity for profitable trades (link). These recent comments add to his ongoing analysis of short-term and long-term market conditions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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