Bitcoin Investors Are Making Bank and Changing Their Minds. What’s Going on? 🤔

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Key Takeaways:

  • 88% of Bitcoin‘s supply is cruising in profit below $95K. Looks like investors are adjusting their hopes and dreams. 😅

  • The $75K–$95K price range might be the “new normal.” Talk about a bottoming out, right?

  • With an MVRV Ratio at 1.74, we’re seeing a nice historical support zone, signaling that unrealized gains are cooling off… and maybe preparing for a little boom. 🚀

Bitcoin’s market is going through a bit of an identity crisis (who isn’t these days?). According to Glassnode, 88% of the supply is happily sitting in profit. But hold on—buyers in the $95K-$100K range? Not so much. So, yeah, 88% profit is a big deal, especially since it’s way up from a more chill 75% average. Looks like investors are recalibrating their expectations… and probably their coffee orders, too. ☕

Bitcoin’s bounce-back from its long-term mean percentage in profit is pretty telling. If we’re being real, it’s like Bitcoin hit the gym and did some major cardio. Just last August, it retested that 75% profit mark around $60K. But now, in the $75K–$95K range, it might actually be hitting the floor for real (market floor, that is). It’s all starting to align with the Q3 2024 vibes. Can you feel it? It’s the “wait and see” phase.

Axel Adler Jr., our Bitcoin researcher hero, also threw down the deets on exchange flow activity, which—shocker—seems to confirm that this growth is more “organic” than that salad you keep telling yourself you’ll eat. A 1.5x drop in the exchange to network activity ratio post-Bitcoin’s all-time high? Yup, it’s telling us that things are slowing down, in a good way.

Unlike the wild price peaks from the past, we’re not seeing those fire-sale orange bars on the charts (thank goodness). Instead, we’ve got a steady climb with no one panicking to sell. This makes for a much more “chill” Bitcoin market, which is—honestly—refreshing.

So, what does this mean for Bitcoin holders? Not much panic. With reduced exchange inflows, Bitcoin holders are pretty relaxed, sitting comfortably in that $75K–$95K zone. They’re not looking for the exit just yet. Maybe this new wave of investors sees Bitcoin as undervalued? We can only hope. 🙏

BTC Data Suggests Unrealized Gains Are Cooling Under $95K

Glassnode is back again with the Market Value to Realized Value (MVRV) Ratio sitting at a cool 1.74. That’s the long-term mean we’ve been eyeing since January 2024. Historically, this has been a sweet spot during consolidation phases. Translation? Unrealized gains are taking a breather, and that might be the calm before the storm of future growth. 📈

Even the Network Value to Transactions (NVT) ratio is sitting pretty at 0.5. Compare that to February 2025 when BTC was cruising at the same level and overbought vibes were all the rage. Things are looking… dare we say it? Stable.

The market is showing a shift in holder behavior, and the current batch of investors isn’t in a rush to sell. This is a big deal because it might just mean that Bitcoin has a solid bullish case ahead. Stay tuned, folks. The ride’s not over yet. 🏎️💨

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2025-05-05 21:05