Apr 30, 2025
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Bitcoin Supply in Profit Rises Above 85% as Prices Recover
Bitcoin is currently trading above $94,000, recovering from a recent correction. Despite this, it remains 12.7% below its all-time high from January.
- Investors are focused on resistance levels near $100,000.
- On-chain metrics indicate notable market behavior changes.
- The percentage of Bitcoin supply in profit has risen above 85%, recovering from about 75% during the last correction.
Historically, supply in profit above 90% correlates with euphoric market phases, though this level has not yet been reached. Such phases can lead to price rallies but also short- to mid-term pullbacks.
Another analyst noted that the leverage ratio and RSI indicate reduced market aggression. Although RSI swings are higher than during summer 2021, current leverage dynamics suggest the market is less overheated.
The market appears to be moving toward organic spot-driven activity, potentially signaling a shift in market sentiment.
