Over 80% of Bitcoin Investors Remain Profitable Despite Slowing Market Inflows: Analyzing BTC’s Future Trajectory

As of April 2025, a significant majority of Bitcoin holders continue to maintain profitable positions, with approximately 81% sitting on unrealized gains. However, recent on-chain data indicates a noticeable cooling in capital inflows into the Bitcoin network. This divergence between holder profitability and weakening market momentum presents an interesting dynamic for analysts. Market participants are now closely monitoring key support levels, institutional adoption trends, and macroeconomic factors that could determine Bitcoin’s next major price movement. Technical indicators suggest the market may be entering a consolidation phase, while fundamental metrics point to continued long-term holder confidence despite short-term uncertainty.

Can bulls ignite a run to $92K?

Bitcoin’s price action is now approaching a decisive technical juncture, as bulls challenge the daily EMA 50 resistance at $85.3K.

The asset recently broke out of a descending wedge, a pattern that often precedes bullish reversals. However, the uptrend remains unconfirmed until BTC secures a clean close above the EMA50. 

A successful reclaim of this level could open the path to $92K, which aligns with projected targets from the current technical setup.

Therefore, price movement in the coming days will be pivotal in establishing short-term direction.

Source: TradingView

A potential resistance cluster?

On-chain data added nuance.

On-chain data reveals that 81.79% of BTC holders are currently in profit, reflecting strong hands across the board.

Yet, a substantial number of addresses acquired BTC between $86.1K and $213K, forming a significant resistance cluster just above current levels. 

This means that while Bitcoin enjoys solid structural support, the $86K–$92K zone may attract increased selling from holders eager to break even or take profits.

Consequently, bulls will need significant momentum to clear this barrier and sustain upside continuation.

Source: IntoTheBlock

Bitcoin’s brewing momentum

On-chain signals continue to support the bullish case.

The Puell Multiple, at 0.99 at press time, suggested that Bitcoin remained far from overheating, leaving ample room for further upside.

Additionally, falling exchange reserves reflect decreasing sell-side pressure, consistent with whale accumulation trends.

The Crypto Bull Run Index (CBBI) sat at 66.55, signaling Optimism but not yet euphoric conditions. 

Source: CoinGlass

Complementing these signals, volatility remains subdued at 2.72%, a level that historically precedes sharp directional moves. Collectively, these metrics indicate that Bitcoin is building energy for a potential rally.

Is Bitcoin ready to explode past $85.3K?

Given the ongoing whale accumulation, diminishing exchange supply, low volatility, and a technically significant setup, Bitcoin appears well-positioned for a breakout. 

However, the $86K–$92K zone presents immediate friction. If bulls decisively flip $85.3K into support, a push toward $92K seems increasingly likely.