Bitcoin Hits $85K Milestone as Market Fundamentals Reach Unprecedented Strength

As Bitcoin surges past the $85,000 mark, analysts highlight that the underlying market health indicators are stronger than ever. Key metrics such as network activity, institutional adoption, and on-chain data suggest robust fundamentals driving this rally. Unlike previous cycles, the current uptrend is supported by sustainable demand drivers, including ETF inflows and regulatory clarity. This combination of price appreciation and solid fundamentals positions BTC for potential long-term growth despite short-term volatility.

Current market overview

Bitcoin’s price continued to hover near the $85,000 mark, showing resilience despite minor pullbacks. As seen in the chart, the RSI remained neutral at 54.85 at press time, suggesting room for upward momentum.

Source: TradingView

Market watchers remain optimistic about a potential breakout toward $90,000, though short-term direction hinges heavily on macro developments; particularly tariff announcements and broader economic signals.

The overall trend, however, is bolstered by a remarkably strong market structure, with nearly 90% of holders still in profit.

Profitability near peak, even without a top

Only 9.6% of Bitcoin addresses are currently at a loss — an exceptionally rare on-chain signal that sets the current market apart from historical tops.

As the chart shows, past cycles have seen loss-making addresses spike dramatically during downturns: 84.7% in 2012, 76% in 2015, and even 49% in 2022.

Source: Alphractal

Today’s figure places Bitcoin in one of its healthiest structural phases ever recorded. What makes this more striking is that prices are not at all-time highs.

Yet, nearly 90% of holders remain in profit, suggesting broad accumulation occurred well below current levels. This disconnect between price and profitability signals resilience — and a possible base for further upside.

Sentiment surge

Social volume for Bitcoin is steadily rising, accompanied by a noticeable uptick in both positive and negative sentiment.

This polarity signals growing attention from retail and institutional participants alike — often a precursor to increased volatility.

Source: Santiment

Interestingly, the rise in negative sentiment isn’t necessarily bearish. It may reflect capitulation or crowd anxiety, both of which can precede reversals.

When sentiment becomes emotionally charged on both ends, it often marks a setup for bigger moves.

What’s next for Bitcoin?

Bitcoin is testing resistance near $90,000 after recovering from sub-$80K levels, with traders watching for a breakout. Macro developments could tip the scales. President Trump’s announcement on the 9th of April paused additional tariffs for 90 days — except on Chinese imports, which now face 145% levies.

The WTO projects a 0.2% decline in global trade for 2025 due to escalating U.S. — China tensions, with downside risks up to 1.5%.

Meanwhile, Eurozone inflation slowed to 2.2% in March, possibly signaling looser ECB policy. These factors may influence Bitcoin’s next move, making $90K a key technical and psychological level in the near term.