Bitcoin Hits 87% Supply in Profit—Is It Time to Pop the Champagne or Panic?

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Well, folks, Bitcoin‘s supply in profit has officially skyrocketed. It’s like the crypto party no one invited you to, but now you’re showing up anyway. Here’s the scoop on whether we’re in for a bull run or just another, “Hey, let’s buy more Bitcoin” moment.

Bitcoin Supply in Profit Hits a Whopping 87%

According to Glassnode’s weekly report, Bitcoin’s supply in profit has made a dramatic jump right along with the latest rally in Bitcoin’s price. Is this a sign of impending doom? Or is it time to make some popcorn and watch the drama unfold?

it’s the percentage of Bitcoin that was bought at a lower price than where it’s sitting now. So, if you bought low, you’re currently sitting high—and who wouldn’t want that kind of luck?

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As you can see from the graph above (don’t pretend you understand it), Bitcoin’s supply in profit has seen a noticeable jump. This is, of course, because Bitcoin’s price has been doing some impressive acrobatics recently. It’s like the price went on a diet and suddenly remembered it can wear skinny jeans again.

Currently, the metric sits at 87.3%. For some perspective, the last time BTC was flirting with $94,000, this metric was a humble 82.7%. This means that almost 5% of the Bitcoin that was bought during the last hype train is now in the hands of new holders—because who doesn’t love a good flip?

Generally speaking, people who are making money tend to start thinking it’s time to cash in. So, in the past, Bitcoin has often hit the brakes when the supply in profit reaches these levels. It’s like that one friend who can’t resist selling you their concert tickets, only to realize they’re going to regret it five minutes after you buy them.

However, here’s where things get tricky. Just because people start selling doesn’t mean Bitcoin’s headed for a crash. If the supply in profit can hang out at these high levels for a while, it actually signals strong demand. It’s like those rare times you sell your old concert tickets and STILL get to hang out with the cool crowd.

Glassnode notes, “Historically, a typical euphoria phase follows when this metric stabilizes above 90% for a while, signaling widespread profitability and elevated investor confidence.” So, no, Bitcoin hasn’t reached its euphoria phase just yet—but don’t worry, it’s probably coming for you. Eventually.

BTC Price

Bitcoin broke above $95,000 earlier today, but in typical Bitcoin fashion, it’s pulled a little Houdini act and slipped back down to $94,800. The rollercoaster ride continues. I think I might need a seatbelt.

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2025-04-26 14:48