Date: 2025-04-29
Key takeaways:Bitcoin supply in profit has climbed back above 85%, nearing the classic euphoric area.Onchain data shows strong accumulation from new and momentum buyers with minimal profit-taking.Bitcoin could rally toward $110,000–$115,000 helped by a “max buying” zone.Bitcoin (BTC) is charging toward a potential new all-time high near $115,000, as a surge in profitable supply signals growing bullish momentum and a classic setup for market euphoria.Nearly 87% of Bitcoin supply in profitAs of April 28, approximately 86.9% of all Bitcoin coins were in profit, according to on-chain data resource CryptoQuant. Historically, the metric’s climb into the 85–90% range has signaled a transition from healthy optimism to speculative euphoria among tra...
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