Bitcoin is strutting above $94,000 right now, and honestly, if this coin had hair it’d be constantly flipping it. Yes, things dipped a little earlier, probably just Bitcoin’s version of needing to lie down with a cold compress. But hey, it’s still about 12.7% off its “best ever” Instagram moment from January—no filter, just pure speculative glow.
Meanwhile, the entire planet and your mother’s friend Dave are eyeing that mystical $100K mark. (Dave’s already telling everyone he “knew” this would happen.) There’s drama brewing beneath the price charts: more than 85% of all Bitcoin is now technically making people money. Some say this could mean euphoria is on the way—or it might just mean people will get fidgety and start swapping their Lambos for lawnmowers. Who can say?
According to CryptoQuant’s Darkfost (honestly, sounds like a Marvel villain or someone who’ll definitely outbid you at Sotheby’s), the “supply in profit” metric has bounced back and is now strutting above 85%. During the last dramatic correction, it was slinking somewhere around 75%—but as with all attention-seekers, Bitcoin just couldn’t stay away from the limelight. Up it goes.
In the past, when that metric hops above 90%, the market gets so giddy you’d think it found out its ex is still single and miserable. Cue the big rallies and, inevitably, the hangover—usually in the form of sudden, unattractive pullbacks. It’s a rollercoaster: win, lose, awkwardly pretend you understand technical analysis at parties.
Apparently, past Bitcoin bear markets had just 45–50% of coins making people money. That was when everyone got really, really into “long-term vision” and “hodl”. Beautiful times.
So, yeah—people are watching this “in profit” metric like it’s a celebrity Instagram feed, because, supposedly, you can spot the mood swings of the entire crypto world from it. (If only there were a similar indicator for dating apps.)
Elsewhere in the crypto gossip columns, we’ve got Crypto Lion raising an eyebrow at leverage ratios matched with some custom RSI thing that absolutely no one outside hardcore traders understands—but nod anyway, makes you look clever.
Right now, the market’s swinging high on RSI, which sounds exciting, but leverage isn’t as desperate and sweaty as it was in summer 2021. Maybe, just maybe, this means people are investing without the emotional support of twenty borrowed credits? At least for this week.
Crypto Lion, ever the ray of sunshine, is “concerned” about the drama that’ll follow the next high. But aren’t we all? Nothing like some existential dread with your digital assets.
In short: Bitcoin is flexing, numbers are up, and analysts are clutching their pearls. Will euphoria hit? Or will there be tears in the club (again)? Stay tuned. Or don’t. Your call.
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2025-04-30 09:43