The short-term holder profit and loss supply ratio for Bitcoin fell to 0.013 in late November, a level historically closely associated with market bottoms. Since then, as Bitcoin's price increased by over 7% to approximately $94,000, the ratio has rebounded strongly to around 0.45. Historical data shows that when this ratio approaches and exceeds 1, prices tend to enter a sustained upward phase, indicating that Bitcoin's price still has significant room to rise at current levels.