Key Takeaways:
88% of Bitcoin’s supply is in profit below $95,000, indicating a reset in investor expectations.
The current price range of $75,000–$95,000 may represent a structural bottom, aligning with market conditions from Q3 2024.
The Market Value to Realized Value (MVRV) Ratio at 1.74 acts as a historical support zone, signaling cooling unrealized gains and potential for future growth.
Bitcoin’s (BTC) market dynamics are shifting, as Glassnode data reveals that 88% of the supply is currently in profit, with losses concentrated among buyers in the $95,000-$100,000 range. This high profitability, rebounding from a long-term mean of 75%, indicates a reset in investor expectations.
Bitcoin percent supply in profit. Source: X.com
Bitcoin’s price staged a recovery from its long-term cumulative mean percentage in profit, marking a notable shift. Previously, in August 2024, Bitcoin retested the 75% mean at around $60,000. This suggests that