{"id":24397,"date":"2025-04-29T18:32:14","date_gmt":"2025-04-29T18:32:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24397"},"modified":"2025-04-29T18:32:14","modified_gmt":"2025-04-29T18:32:14","slug":"bitcoins-next-euphoria-phase-on-the-horizon-as-btc-holders-celebrate-growing-supply-in-profit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24397","title":{"rendered":"Bitcoin\u2019s Next Euphoria Phase On The Horizon As BTC Holders Celebrate Growing Supply In Profit"},"content":{"rendered":"
\n

Since the crypto market shifted towards positive territory, Bitcoin<\/a>, the largest digital asset, has maintained a bullish stance during this period, igniting hopes of a continued bull market phase. Following the renewed upward trend, several factors of BTC\u2019s market dynamics are beginning to see positive results, such as the overall supply in profit.<\/p>\n

Market Euphoria Brewing With Bitcoin Profitability Rise<\/h2>\n

Bitcoin is continuously capturing market attention as bullish momentum builds. With BTC\u2019s price maintaining an upward performance, Kyle Doops, an on-chain expert and host of the Crypto Banter show, has outlined<\/a> a notable shift in its market dynamics.<\/p>\n

Specifically, Kyle Doops reported that the percentage of BTC\u2019s overall supply held in profit has increased alongside the recent price rally, which is a classic precursor to heightened investor excitement. Historically, momentum has accelerated, and prices have frequently reached parabolic territory when most Bitcoin holders<\/a> are sitting on gains.\u00a0<\/p>\n

Data shows that the percentage of supply in profit has rebounded to 87.3% from the March lows as BTC pushed to the $94,300 level. It is worth noting that the last time BTC hit about $94,000, just 82.7% of the entire supply was profitable.<\/p>\n

\"Bitcoin\"<\/p>\n

This implies that almost 5% of the supply was changed at lower price levels, which is a clear indication of accumulation. A persistent rise in BTC\u2019s profitability<\/a> could spur demand for the flagship asset among retail and institutional investors in the following days, bolstering the current uptrend.<\/p>\n

Since prices tend to go parabolic when most holders are in profit, Bitcoin may be setting the stage for an explosive rally<\/a>. With sentiment improving and profitability metrics soaring, Kyle Doops is confident that sustained profitability above 90% might spark the \u201cnext true euphoria phase,\u201d if history is to be believed.<\/p>\n

A Wave Of First And Momentum BTC Buyers<\/h2>\n

During this period, Glassnode, a leading financial and on-chain data platform, has highlighted<\/a> waning interest in profit-taking even as BTC\u2019s price<\/a> grows. After examining the cumulative supply per cohort, Glassnode revealed that first buyers and momentum buyers continue to exhibit high levels of engagement, while profit takers<\/a>\u2018 involvement is still mild.<\/p>\n

According to the on-chain platform, this is encouraging since it indicates continuous demand from new traders and trend-following players without putting a lot of strain on distribution. The strong conviction among these cohorts further supports the durability of the recent rally.<\/p>\n

This shift in investor behavior signals a growing belief in further upside potential. With investors demonstrating bullish sentiment amid a price rise, BTC\u2019s market dynamics<\/a> may be preparing for a steadier and stable ascent.<\/p>\n

At the time of writing, Bitcoin was trading at $94,903, exhibiting an increase of more than 8% in the past week. Investors are heavily betting on a continued price appreciation, as evidenced by a nearly 76% surge in trading volume in the past day.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Since the crypto market shifted towards positive territory, Bitcoin, the largest digital asset, has maintained a bullish stance during this period, igniting hopes of a continued bull market phase. Following the renewed upward trend, several factors of BTC\u2019s market dynamics are beginning to see positive results, such as the overall supply in profit. Market Euphoria […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24397","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24397"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24397\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}