Key results:

• 88% of Bitcoin supply has a profit below USD 95,000, which indicates the reset of investors’ expectations.

• The current price range from 75,000–95,000 USD may represent a structural bottom, in accordance with the market conditions from the 2024 quarter.

• The market value factor to a realized value (MVRV) at 1.74 acts as a historic support zone, signaling unrealized profits and potential of future growth.

Bitcoin (BTC) market dynamics is changing because Glassnode data reveals that 88% of the supply currently has profit, and the losses focused among buyers in the range of 95,000– $ 100,000. This high profitability, reflecting from a long -term average 75%indicates the reset of investors’ expectations.

The price of Bitcoin withdrew from its long -term cumulative average percentage of profit, which means a significant change. Earlier, in August 2024, Bitcoin tested 75% about $ 60,000 on average. This suggests that the price range of 75,000–95,000 USD can represent the bottom, which is compliance with structural market conditions observed in Q3 2024.

Confirming the decrease in sales of the holder by replacing, the total exchange flow (influx + outflow) to the network activity indicator ensures further insight. Bitcoin researcher Axel Adler Jr. explained The fact that the chart shows a 1.5-fold drop in intercourse at Bitcoin, directly confirming that the current growth is more organic.

The analyst explained that, unlike previous price peaks, in which the high indicator (marked by the orange rods) signaled enormous sales, the current levels do not show such urgency, strengthening a more stable market environment.

High profitability and reduced replacement revenues indicate a reduced pressure of sellers from the owners, enabling an improved way of thinking of the holder from 75,000 to 95,000 USD. This suggests that investors perceived BTC as undervalued, not an initial opportunity, which adapted to wider stubborn sentiments.

Related: watch these levels of bitcoin prices because BTC meets the “decision point”

BTC data tip for profits not realized by cooling below $ 95,000

Glass knot excellent that the market value to the implemented value (MVRV), a key indicator of market moods, returned to its long -term average 1.74. Historically, this level was a support zone (from January 2024) during consolidation phases, signaling cooling of unrealized profits and a potential base of future growth.

Similarly Network value factor for transactions (NVT) It is neutral at 0.5 with bitcoins valued at 94,400 USD, as opposed to its purchased signal, when BTC was previously at this level in February 2025.

This change in the dynamics of the market and the evolving behavior of the holder indicates that the current cohort of profitable investors may be less willing to sell at these levels. This can further strengthen the stubborn case of the current market structure.

Related: BTC domination due to “collapsing” at 71%: 5 things to Poznań in Bitcoin this week

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.