{"id":25308,"date":"2025-05-06T04:01:47","date_gmt":"2025-05-06T04:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25308"},"modified":"2025-05-06T04:01:47","modified_gmt":"2025-05-06T04:01:47","slug":"bitcoin-supply-in-profit-at-88-signals-strong-market-support-glassnode","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25308","title":{"rendered":"Bitcoin Supply in Profit at 88% Signals Strong Market Support: Glassnode"},"content":{"rendered":"
\n

Bitcoin (BTC) may be facing short-term volatility, but fresh on-chain data from Glassnode suggests a resilient foundation beneath the market\u2019s surface.<\/p>\n

Despite a recent pullback from its all-time high (ATH) of over $109,000, BTC has rebounded from its April lows near $75,000 to consolidate above $94,000, putting 88% of its circulating supply in profit.<\/p>\n

Market Reset with Strong Fundamentals<\/h2>\n

Glassnode reported<\/a> that Bitcoin\u2019s Market Value to Realized Value (MVRV) ratio has cooled off to its long-term mean of 1.74. According to the analytics firm, historically, such a reset level often corresponds with phases of market consolidation, with the latest seen in an August 2022 drawdown where unrealized gains were similarly trimmed before another leg upward.<\/p>\n

Meanwhile, the Realized Profit\/Loss Ratio has gone above 1.0 again, pointing to a change in sentiment as traders move from underwater positions to take modest profits. Per Glassnode\u2019s analysis<\/a>, the development indicates that the market has enough liquidity and confidence to absorb the realized gains, which is an important sign of strength.<\/p>\n

Macro indicators seem to agree, with analyst Axel Adler Jr indicating<\/a> that the 30-day change in Bitcoin\u2019s Composite Volatility Index remains at -3.5%, suggesting that the market is still in an accumulation phase. According to Adler, panic-selling phases usually emerge when the index climbs above 15%, further strengthening the notion that the majority of market participants are quietly positioning for a bigger price boost.<\/p>\n

Consolidation Before the Next Move?<\/h2>\n

However, BTC\u2019s current market movement paints a more tempered short-term picture. At the time of writing, the world\u2019s largest cryptocurrency by market cap was down a slight 1.3% in the last 24 hours and was trading at $94,306 after oscillating between intraday opposites of $93,806 and $95,741.<\/p>\n

It had also slipped 0.9% over the past week, but still remained up 8.5% across two weeks. Additionally, the asset has gained 13% in the last 30 days, and is also just 13% away from its ATH.<\/p>\n

Still, risks remain. As BTC approaches the psychological $100,000 mark, a level linked with aggressive distribution by long-term holders in past cycles, observers are wary of a potential influx of supply. Glassnode warns<\/a> that sustaining upward momentum from here will require equally strong demand to absorb any profit-taking.<\/p>\n

Whether this comes from continued ETF inflows<\/a>, corporate treasury buys<\/a>, or retail interest remains the key question as May rolls along.<\/p>\n

The post Bitcoin Supply in Profit at 88% Signals Strong Market Support: Glassnode<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) may be facing short-term volatility, but fresh on-chain data from Glassnode suggests a resilient foundation beneath the market\u2019s surface. Despite a recent pullback from its all-time high (ATH) of over $109,000, BTC has rebounded from its April lows near $75,000 to consolidate above $94,000, putting 88% of its circulating supply in profit. Market […]<\/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-25308","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\/25308","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=25308"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25308\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}