Bitcoin (BTC) Supply in Profit Hits 90% as Analysis Identifies What This Might Mean for Prices

The percentage of Bitcoin (BTC) supply in profit has continued to rise amid the recent market rebound, and analysis identifies what this might mean for prices.

Bitcoin’s renewed bullishness has encountered a major roadblock at the $95,000 resistance. As Friday’s trading session concluded, the premier asset encountered difficulties in breaking through this price mark at each attempt.

However, recent data from CryptoQuant, cited by analyst Darkfost, shows that Bitcoin holders have benefited from the recent rebound. The percentage of Bitcoin supply in profit has surpassed the 90% mark.

At press time, data from IntoTheBlock confirms that 91% of the Bitcoin supply is in profit, while data from CryptoQuant indicates that the percentage of Bitcoin supply in profit has surpassed 90%.

This signals that the asset is now in the euphoria stage of the cycle. For the uninitiated, this phase, the final one in every bull cycle, is characterized by intense market upsides, according to Wall Street’s Cheat Sheet.

During the last price corrections, the supply of Bitcoin in profit dropped close to a crucial level of 75%. According to CryptoQuant, a fall below this level would have triggered higher profit-taking.

However, the current Bitcoin supply profitability is not bad. In fact, it is good for the market, and investors are not under pressure to sell their holdings due to uncertainties.

Interestingly, entering the euphoria stage could spark a Bitcoin rally to new all-time highs, as previous cycles have shown, reinstating the positivity that comes with this phase of the bull cycle.

Remarkably, analysts at Standard Chartered have predicted a surge to $120,000 by the end of Q2 2025, while other commentators are projecting a range of between $200,000 and $250,000 by the end of the year.

While positive price actions accompany the euphoria phase, CryptoQuant warns of a possible correction. It noted that this stage of the cycle is usually temporary and followed closely by a short to mid-term price capitulation.

Meanwhile, an accompanying chart supports this theory, highlighting that Bitcoin has usually retraced extensively after each euphoria phase. The data shows that this has happened in the last three Bitcoin bull cycles, with the Bitcoin supply in profit dropping to at least 50% each time, as is typical in a bear market condition.

Furthermore, while the specifics on the end of the euphoria stage remain uncertain, Ki Youn Ju, the CEO of CryptoQuant, earlier suggested that the phase typically lasts between three and twelve months.

At the time of writing, BTC is trading at $94,893.