Bitcoin (BTC) Supply in Profit Has Climbed Back Above 85%, Nearing the Classic Euphoric Area

Bitcoin (BTC) is charging toward a potential new all-time high near $115,000, as a surge in profitable supply signals growing bullish momentum and a classic setup for market euphoria.

Bitcoin (BTC) is approaching a potential new all-time high near $115,000, as on-chain data shows strong accumulation from new and momentum buyers with minimal profit-taking.

Bitcoin supply in profit is also nearing the classic euphoric area, with over 85% of coins currently in profit.

Bitcoin could rally toward $110,000-$115,000 in the coming days, helped by a “max buying” zone and a lack of profit-taking.

Bitcoin’s euphoric phases may not last for longer timeframes, leading to sharp corrections as holders begin realizing gains.

Bitcoin’s price established a record high of nearly $110,000 in January, with its profitable supply hitting 99%. But the cryptocurrency dropped by over 30% afterward.

Similar profit-taking behaviors have led to price corrections in the past, as shown above.

“Currently, the supply in profit has climbed back above 85%, which is fairly positive. It’s still better compared to 45-50% lows witnessed during bear market corrections,” noted DarkFrost.

The BTC supply in profit is yet to cross above 90%. Historically, crossing above 90% has preceded profit-taking behavior among traders, suggesting that there’s more room to grow for BTC prices in the coming days.

Besides, First Buyers and Momentum Buyers are actively accumulating, while Profit Takers remain relatively quiet, according to BTC cumulative supply per cohort data from Glassnode. This means fresh demand is coming in without heavy selling, a key ingredient for keeping the rally strong.

Bitcoin ‘max buying’ zone hints at $115,000

In late April, Bitcoin bounced strongly from the $89,000-$90,000 support zone, a key horizontal level from prior price action.

The area now acts as a “max buying” zone where buyers have aggressively stepped in to limit Bitcoin’s drawdowns, according to chartist CryptoCaesarTA.

Below it, the $70,000-$72,000 region remains untested, aligning closely with the long-term ascending trendline. If Bitcoin faces deeper pullbacks, this zone could serve as critical secondary support.

For now, Bitcoin’s resilience above $90,000 keeps the bulls firmly in control.

A breakout above the $100,000 psychological barrier could pave the way toward new all-time highs at $110,000-$115,000, according to CryptoCaesarTA. The upside target aligns with previous resistance highs and a so-called “weak high” zone on the weekly chart above.