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While Bitcoins flirt with $ 94,500, the data surprises: 88 % of the offer has a profit. Statistics that should get the holder to smile … under one condition. Those who bought between $ 95,000 and $ 100,000? They laugh at yellow. This small but symbolic segment now concentrates most of the losses. But what does this market anomaly really say? More than simple quantified reading is x -ray investors’ psychology.
In short
- 88 % of Bitcoin’s offer has profit but losses are concentrated for buyers over $ 95,000,
- The replacement of the streams slows and signals reduced sales pressure and more organic market dynamics.
- Indicators, such as MVRV and NVT, show a consolidated, stable and potentially prepared market for a new bull phase.
Profit market but expectations that adapt to
The rule has been simple for a long time: the price increased, the wallets sang and investors dance. But today, even the is the overwhelming majority of holders in a positive territory, the atmosphere is less euphoric than you can imagine. For what? Because expectations have changed.
In the past, Bitcoins for $ 94,000 would launch the scenes of digital jubilation. Today it evokes … skeptical cod. What? To an increase in ambitions. Those who bought $ 95,000 hoped for a million, not simple breathing on the market.
This relocation of hopes is also read in Glassnod data. The percentage of profit offer was reflected and passed through the long -term average of 75 %.
In August 2024, this average coincided with the price of $ 60,000. In other words, for many, the new market is now between $ 75,000 and $ 95,000. Quite comfortable bottom … if you entered the top.
The question is no longer “how much have I won?” “But” Why didn’t I win more? ». It is here that bitcoins play a strange role: the refugee value and the frustration machine.
Bitcoin: quieter holders, healthier market
In the past, every peak of prices, the exchange platforms have seen sales orders that fluttered like bees on a glass of honey. Today the flows slow. The flow ratio of the exchange/network activity ratio dropped halfway from the last summit.
For Axel Adler Jr., a well -known analyst, this detail says a lot: the market is not sold. Breathes. They spend. Awaiting.
Even better, the ratio of MVRV – this magnifying glass, which distinguishes rational enthusiasm from speculative madness – returned to 1.74. A level considered “healthy” since January 2024.
Historically, this is where Bitcoin supports to jump again. Nothing spectacular, but promising consolidation.
And then there is NVT, this thermometer overvaluation. Currently neutral. At 0.5 it signals a slight market, far from fever in February 2025. Bitcoin to $ 94,400 today seems to be more mature, organic, almost more sensible.
What this situation reveals is not a lazy market. It’s a market that is learning. Investors do not panic. They analyze, adapt. There are capital gains, but the ambitions will blow. For those who are waiting for an explosion over $ 100,000, it is time of patience. Especially with ETFs that absorb much more bitcoins than produce minors.
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Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.