Bitcoin’s Supply in Profit: Will It Survive This Time or Just Collapse Like Last Year?

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Ah, Bitcoin. The mystical creature of the financial jungle. On-chain data reveals that the Bitcoin Supply in Profit is still clinging to life above a critical level, holding onto hope like a cat on a windowsill. Could this be a sign of something good? Maybe. Just maybe. 🧐

Bitcoin’s Supply in Profit: Not Yet in the Grave… But It’s Close

In a post so thrilling it could make your grandma’s knitting club sound like an action movie, an analyst at CryptoQuant has shed light on the current state of Bitcoin’s “Supply in Profit.” This little nugget of data tracks the percentage of Bitcoin still lounging comfortably in unrealized profits. Sounds fancy, right? Well, it’s about as useful as knowing when your favorite TV show is coming back from hiatus. 📊

Here’s how it works: the metric tracks the transaction history of each coin. Think of it like a detective tracing a criminal’s movements. When a coin was last moved, it tells us what price it was bought for. If that price is less than the current spot price, boom, you’ve got yourself a coin sitting on a nice juicy profit. đŸ€‘

Now, if you’re wondering about the “Supply in Loss,” it’s the sad, opposite side of the coin. It’s like your favorite bakery going out of business. You subtract the Supply in Profit from 100, and voilĂ , you get how much of the supply is mourning its losses. đŸ”»

So, here’s the moment we’ve all been waiting for: the chart. Drumroll, please


Notice that beautiful chart? It shows Bitcoin’s Supply in Profit back when the price was soaring like an eagle on caffeine. That was back when the crypto world was buzzing, with prices reaching dizzying heights (which, of course, led to a spectacular crash, because why not?). Now, after some recent drama, the indicator has taken a dive. 🙄

Our friendly quant analyst has drawn our attention to two lines, one of which is a vital 70%. Losing that level in past cycles? A sure-fire sign that Bitcoin was heading straight into bear country. đŸ»

But, hold on! It hasn’t happened yet. In fact, the closest Bitcoin came to dropping below 70% was last year during its midlife crisis (aka consolidation phase). The 80% line, meanwhile, is the one that really gets people talking, and it’s been breached a few times. It’s like the line your mom draws between “just a snack” and “you’ve eaten half the fridge.” 🍔

After a quick correction, the Supply in Profit dipped below that 80% line, but guess what? A recovery rally has Bitcoin inching closer to testing it again. Both in the past and present, breaking above that line has meant one thing: Bull market, baby! đŸ‚đŸ’„

According to our expert analyst, the next step is to push the Supply in Profit back up to 80%, signaling some serious bullish action. Like a rocket ship aimed at the moon. 🚀

BTC Price

But wait! There’s a twist. Bitcoin’s price, after a glorious recovery, has decided to take a little breather. It’s slipped back down to $83,900. Think of it as a high-flying eagle that forgot to flap its wings for a minute. 🩅

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2025-04-17 05:13