{"id":25879,"date":"2025-05-08T19:46:43","date_gmt":"2025-05-08T19:46:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25879"},"modified":"2025-05-08T19:46:43","modified_gmt":"2025-05-08T19:46:43","slug":"bitcoins-recent-price-rebound-above-99000-sends-millions-of-btc-back-into-profit-territory","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25879","title":{"rendered":"Bitcoin\u2019s Recent Price Rebound Above $99,000 Sends Millions Of BTC Back Into Profit Territory"},"content":{"rendered":"
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Bitcoin<\/a> has once again taken center stage in the crypto market. Following a market resurgence, the flagship asset rebounded above the $99,000 mark. During the sudden price recovery, a significant portion of BTC moved back into profit territory.<\/p>\n

Millions Of Bitcoins Return To Profit<\/h2>\n

The renewed general market upsurge pushed Bitcoin\u2019s price to key resistance levels. As the cryptocurrency stages a price rebound, Glassnode, a leading financial and on-chain data platform, has called attention<\/a> to a huge portion of Bitcoin returning to profit.<\/p>\n

At the time of Glassnode\u2019s report, Bitcoin had gained momentum as its price soared to $97,900, marking the highest level in the past two months. The data shows that more than 3 million BTC are now back in the profit zone, following the price recovery, which provided relief to market participants.<\/p>\n

The return of previously underwater BTC holdings into profit territory is likely to bolster investor confidence and strengthen market sentiment<\/a> about the sustainability of the recent rally. Furthermore, the development could set the stage for a potential sustained upside movement to crucial levels such as the $100,000 mark.<\/p>\n

Presently, the percentage of Bitcoin\u2019s overall supply in profit has risen to 88%, with losses previously concentrated among buyers from the $95,000 and $100,000 range<\/a>. This positive advancement in supply profitability signals an impending euphoria phase.\u00a0<\/p>\n

After examining the supply profit oscillator, Glassnode highlighted<\/a> that the metric had bounced back from its long-term mean, suggesting a broader resetting of investor expectations without a widespread surrender.<\/p>\n

Should the percentage of supply<\/a> in profit continue to increase, it might spark a major rally for BTC as investors\u2019 engagement rises in anticipation of the upsurge. Thus, the ongoing upward move above the $99,000 threshold could be part of a larger trend.<\/p>\n

Short-Term BTC Holders Selling In The Face Of Growing Profitability<\/h2>\n

While a significant number of BTC returning to profit is believed to trigger investors\u2019 confidence, this is not the case for short-term holders. Alphractal, an advanced on-chain data platform, revealed<\/a> a surprising trend among these investors even as the recent rebound pushes short-term holders back into profit.<\/p>\n

According to the on-chain platform, the short-term holders\u2019 cost basis has been hit, but these players are persistently distributing their holdings. Surprisingly, this growing selling pressure is attributed to their return to profitability, raising questions about a potential short-term pullback<\/a>.<\/p>\n

Alphractal stated that the STH Realized Price currently stands at $93,400, and Bitcoin should ideally maintain this level in the near future to prevent a fresh selling wave<\/a> from happening. In the meantime, this area serves as a solid base against pullbacks, and short-term holders will probably make every effort to protect it.<\/p>\n

At the time of writing, BTC was trading at $99,700, demonstrating a nearly 4% rise in the past week. Trading volume has also grown sharply alongside price. CoinMarketCap data shows a more than 60% rise in trading volume in the past day, reflecting bullish conviction.<\/p>\n

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

Bitcoin has once again taken center stage in the crypto market. Following a market resurgence, the flagship asset rebounded above the $99,000 mark. During the sudden price recovery, a significant portion of BTC moved back into profit territory. Millions Of Bitcoins Return To Profit The renewed general market upsurge pushed Bitcoin\u2019s price to key resistance […]<\/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-25879","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\/25879","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=25879"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25879\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}