Bitcoin Hits Profit Zone: 87% of Supply in the Green—Is Euphoria Next?

Bitcoin’s supply profitability just flashed a bullish signal—87% of circulating coins now trade above their purchase price. Historically, this marks the runway to potential price explosions.

When this threshold gets crossed, the market typically enters what analysts call the ’euphoric phase’—a period of breakneck rallies and investor FOMO. But tread carefully: last time this happened, Wall Street bankers suddenly remembered they ’always believed in blockchain’ (right after their third yacht purchase).

Key levels to watch? The 2021 all-time high of $69K could become a stepping stone if momentum holds. Miners are hodling, whales are accumulating, and retail traders are once again Googling ’how to buy crypto.’ Buckle up.

In Brief

• 87% of bitcoin’s supply in profit, a strong signal of investor confidence.
• The Supply in Profit indicator can trigger selling pressure if too many BTC are sold.
• Glassnode suggests Bitcoin could enter a phase of euphoria if the indicator surpasses 90%.

“Supply in Profit”: a rising indicator

Bitcoin’s “Supply in Profit” recently crossed themark, a high level that deserves close observation. This indicator calculates the proportion of the total BTC supply, capped at 21 million, whose purchase price is lower than the current market value. When, it can signal strong investor confidence, but also a risk of selling to take profits.

According to, this rise is directly linked to the recent increase in Bitcoin prices. The latest market peak saw the indicator rise to. Note that during the last bitcoin rally, at around, this indicator stood at.

This means thatin recent weeks.

This high percentage can be a sign of, as investors in profit are often more inclined to sell. However, some analysts note that“Supply in Profit” can also indicate, which supports the price despite sales.

The “Supply in Profit” indicator and its impact on market trends

The “Supply in Profit” indicator is an excellent tool to understand market expectations. When a large portion of investors hold coins in, it can signal widespread. However, it can also lead towhen these same investors decide to.

Indeed, as explained by:

A strongmay mean selling pressure is imminent, as investors look to secure their gains.

This phenomenon could lead toor even a short-term. However, this situation is not necessarily negative. If, the indicator can also signal that the market is strong enough to withstand selling pressure without collapsing.

The real selling pressure is not applied by whales or long-term holders, but by retail, mid-sized cohorts (from shrimp to sharks), and short-term holders – a classic shakeout

Continuousindicate healthy market momentum, but they must be closely monitored. Aof the indicator, as seen in the past, could signal that the market has reached a point where selling becomes more likely, potentially leading to a correction or stabilization.

Current situation: Can Bitcoin maintain its momentum?

The price of bitcoin remains aboveafter briefly breaking past. Thisdespite asuggests demand continues to support the price. However, the question remains: can BTC continue to rise without massive profit-taking? Previousphases showed that rapid selling by investors in profit can sometimes slow down the market.

According to, the “Supply in Profit” indicator has often reached high levels before a, but has never sustained thethreshold traditionally signaling a phase of euphoria. If bitcoin manages towithout massive selling, it could.

Otherwise, it might enter a phase ofbefore rising again.

Investors should be aware thatcan emerge at any time, especially if the indicator continues to rise. However, as long as demand remains strong, bitcoin could avoid a significant drop, which is a good sign for its short-term future.

Bitcoin’s rise abovemarked a key milestone. But with, the question remains: is a correction coming? BTC could see an additional peak if demand stays strong, but thereminds us that profit-taking could be imminent. The market remains tense but promising.

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