Bitcoin supply in profit climbed to 57.5% as of July 22, up from 46.2% on June 30. According to NS3.AI, CryptoQuant contributor thechessONCHAIN said a confirmed recovery would require supply in profit to stay above 64% for a sustained period, along with long-term holder SOPR above 1. The update points to improving market conditions, but the contributor said the recovery has not yet been confirmed.