The percentage of Bitcoin supply currently in profit has decreased to 68.85%. This figure remains within the so-called transitional zone — from 55% to 80% — which traditionally indicates the end of a growth phase and a potential shift to a bear market.
This is reported by Business • Media
Dynamics of the Supply in Profit Indicator
Since October 2025, Bitcoin has shown a clear downward trend. Analysts estimate that the current decline is not a short-term correction but indicates a sustained weakening of the market, characteristic of the later stages of the market cycle. If the Supply in Profit indicator does not rise above 75-80%, the likelihood of a transition to a bear market will increase.
Impact of External and Internal Factors on the Market
Experts note that, in addition to the weakening of internal metrics, external factors are also influencing the cryptocurrency market: geopolitical instability and increased demand for safe-haven assets may intensify pressure on the market. At the same time, historically, it is not only the absolute value of the Supply in Profit indicator that is important, but also the duration of its stay within the 55–80% range. If the indicator remains near 70%, it increases the risk of a transition to a bear market, while a return to the zone above 75-80% may indicate the preservation of bullish trends.
“At this stage, instead of definitive forecasts regarding the direction of movement, it is more appropriate to view the market as being in the initial phase of transitioning from a bullish cycle, where conservative positioning and disciplined risk management become increasingly important,” concluded CryptoQuant.
Previously, analysts also noted a decrease in buyer activity in the cryptocurrency market, which confirms the overall trend of weakening.