CRYPTO

Bitcoin offer in profit up to 87 % – Is euphoria here so far?

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The data on the series shows that bitcoin supply in the profit has witnessed a sharp increase recently. Here is whether the current level is considered high or not.

Bitcoin supplies in profit exceeded a sign of 87 %

According to the last weekly report of GlassnodeBitcoin supplies in profit is an improvement to another side that gathered in the price of encrypted currency.

The “profit show” here refers to an indicator on the series that follows the percentage of the total BTC supplies currently being detained in some unrealized gains.

The scale works by passing through the history of transactions for each currency in circulation to find out the price that was last transferred. If the last transaction value of any currency is lower than the current immediate price of any coin, it is assumed that the special symbol will carry this gain and include profit in its value.

There is also an alternative index known as the offer in the loss that deals with the opposite currencies of the opposite type (that is, those who have a higher cost than the latest price). The scales should reach 100 %, so if one of them is known, the other can be calculated by offering it from 100.

Bitcoin supplies in profit

Looks like the value of the metric has been sharply going up in recent days | Source: Glassnode's The Week Onchain - Week 16, 2025

As shown in the above chart, Bitcoin supplies in the profit have seen a noticeable jump. The reason behind this rise in the indicator lies in the fact that the price of the BTC itself increased during this period.

After the increase, the scale reached 87.3 %. Interestingly, the last time that BTC was trading about 94,000 dollars, the index was only sitting at a value of 82.7 %. This may mean that approximately 5 % of the offer purchased from its highest levels in Bull Run has since changed in the last low price levels.

In general, investors who get their coins are likely to sell. As such, in the past, BTC tends to see a high temperature when the width in the profit reaches extreme levels.

Although this profit can lead to the top of the original, it can actually be a positive sign when the offer in profit is able to maintain high levels. This is because it indicates a strong enough demand in the market that BTC is able to increase its price despite the sale.

“Historically, the typical euphoria phase tends to follow this scale stability above 90 % for a long time, indicating a large -scale profitability and high investor confidence,” Glassnode notes. To date, BTC has not reached this stage yet.

BTC price

Bitcoin erupted over $ 95,000 earlier in the day, but it seems that the assets saw a slight decline because they are now returning to $ 94,800.

Bitcoin price scheme

The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView

Distinctive image from Dall-I, Glassnode.com, Chart from TradingView.com

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