Bitcoin [BTC] Price Holds Near $85,000 Despite Sharp Swings, Data Shows Strength Rather Than Strain

Despite Bitcoin's [BTC] sharp swings near the $85000 mark, data is showing strength rather than strain. Nearly 90% of BTC holders remained in profit

Bitcoin’s [BTC] price has been hovering sharply near the $85,000 mark, but strength rather than strain is evident in the market structure.

As of press time, nearly 90% of BTC holders remained in profit, signaling one of the healthiest market phases in Bitcoin’s history.

Unlike previous tops that were marked by panic and overleverage, current sentiment was optimistic — with traders eyeing a potential breakout toward $90,000 amid signs of resilience and steady accumulation.

Current market overview

Bitcoin’s price continued to trade narrowly near the $85,000 mark, showing a lack of urgency despite minor pullbacks.

The Relative Strength Index (RSI) remained in neutral territory at 54.85 at press time, suggesting that there was still some room for upward momentum to develop.

Source: TradingView

Market watchers remained focused on the potential breakout toward the psychologically relevant $90,000 price point. However, the immediate trend remained dependent on macro developments.

Attention was on U.S. President Donald Trump’s decision to postpone additional tariffs for 90 days, with the exception of those on Chinese goods, which will now be subject to 145% duties.

The World Trade Organization (WTO) has projected a 0.2% decline in global trade for 2024 and a 0.1% rise in 2025 due to escalating U.S. — China trade tensions, with downside risks of up to 1.5%.

Meanwhile, Eurozone inflation slowed to 2.2% in March from 2.3% in February, as reported by Eurostat. This slowdown may put pressure on the European Central Bank (ECB) to adopt a less hawkish monetary policy stance.

These macroeconomic factors could have implications for Bitcoin’s next move. In the short term, the $90K resistance level remained a key technical and psychological factor.

Profitability near peak, even without a top

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

As the chart shows, past cycles saw 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.