Bitcoin investors are recalibrating as a stunning 88% of the cryptocurrency’s total supply is now in profit. This surge highlights a dramatic shift in market sentiment. With the price currently hovering between $75,000 and $95,000, Bitcoin appears to be forming a new base level. This range could serve as a strong foundation for future growth.
BTC Investors Stuck in the Green
For the first time in a while, Bitcoin’s profitability is telling a different story. The percentage of Bitcoin in profit is now soaring past the long-term mean of 75%. In simpler terms, things are looking up for those holding Bitcoin. Back in August 2024, Bitcoin tested that 75% profit level when prices were hovering around $60,000. Fast forward to today, and it’s safe to say that Bitcoin’s current price range between $75,000 and $95,000 might be more than just a temporary dip. It could be the foundation of a new wave of growth.
Bitcoin’s MVRV Ratio Signals the Calm Before the Storm
Let’s talk about Bitcoin’s Market Value to Realized Value (MVRV) ratio. Right now, it sits at 1.74, a number that investors are keeping a close eye on. Historically, this level has been a support zone, especially during consolidation periods. But here’s the kicker—this ratio suggests that the unrealized gains are cooling. What does this mean? There’s room for Bitcoin to build its next rally. Investors have seen this before and know that when the MVRV is around this level, it’s often the calm before the storm of growth.
Bitcoin Exchange Flows Take a Breather, Investors Ready for the Long Game
Bitcoin’s exchange flow to network activity ratio has dropped by 1.5x since its all-time high. What does this tell us? The selling pressure is easing. Unlike past peaks where high ratios were a red flag for massive sell-offs, the current flow suggests patience. Bitcoin holders aren’t rushing to sell. They see potential. And that’s exactly what makes this market different from the rest—there’s a more grounded sense of confidence, one that aligns perfectly with the bullish sentiment bubbling beneath the surface.
At the time of writing, Bitcoin is sitting at $96,940.
