Main takeout:
88%of the Bitcoin supply gained less than $ 95,000, which represents investor expectations.
The current price range of $ 75,000 to $ 95,000 can represent a structural floor in the third quarter of 2024.
The MVRV ratio of the 1.74 market value (MVRV) acts as a historical support zone and indicates the potential of cooling and future growth.
According to GlassNode data, 88%of the supply is now gaining profit, and Bitcoin (BTC )’s market epidemiology is changing, as the loss is concentrated among buyers in the range of 95,000 to $ 100,000. This high profitability, which rebounds in the long -term average 75%, represents the expectation of investor expectations.
The price of Bitcoin has recovered from the long -term cumulative average profit ratio and recorded a remarkable change. Previously, in August 2024, Bitcoin re -examined the 75% average of about $ 60,000. This suggests that the price range of $ 75,000 to $ 95,000 can be coincided with the rescue market conditions observed in the third quarter of 2024.
If you check the reduction of holder sales through the exchange, the total exchange flow (inflow + leak) to the network activity ratio will provide additional insights. AXEL Adler Jr., a researcher at Bitcoin, has shown that the chart has been 1.5 times decreased by Bitcoin’s highest, and has directly confirmed that the current growth is more organic.
Analysts explained that, unlike the previous price of the high ratio (marked orange), the current level does not show such emergency, strengthening the more stable market environment.
High profitability and reduction in exchange inflows can reduce the sales pressure of the holders, which can improve the way of thinking between $ 75,000 and $ 95,000. This suggests that investors have seen BTC as undervalued and coincide with a wider strength, not an exit opportunity.
Related: Watch the Bitcoin price level as BTC meets the ‘decision point’.
BTC data is less than $ 95K for cooling unauthorized profits.
Glassnode pointed out that the market value for the MVRV ratio, which is a major market appraisal indicator, has returned to an average of 1.74. Historically, this level is the support area (after January 2024) at the integration stage, indicating the potential foundation of future profits and future growth.
Similarly, NVT (Network Value to Transactions) ratio is neutral at 0.5, with a bitcoin price of $ 94,400 in contrast to BTC in February 2025.
This change in market epidemiology and evolving holder behavior indicates that the current profitable investor cohort tends to be sold at this level. This can further strengthen the optimism of the current market structure.
Related: ‘Collapse’ with 71%of BTC dominance: 5 things you need to know in Bitcoin this week
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.