The price $BTC is compressed in the range of 88,000–91,000 USD, moving sideways in an area that was previously broken. On the surface, the movements seem weak and lacking momentum. However, in terms of structure, the market has not broken the trend, but is only temporarily pausing to absorb supply forces.
The index to watch right now is the profit margin ratio of the current supply. History shows that the market tends to stabilize when this number is above 75%. Currently, it is around 71.5% – not yet a negative signal, but in a sensitive zone.
If it continues to decline, BTC could slide down to around 80,000 USD. Conversely, a recovery back above the 75–80% range will help reinforce the bullish structure.
The key point lies in the behavior of investor groups. Retail is offloading as prices move sideways.
Meanwhile, whales are quietly accumulating, raising the total balance to nearly 3,2 million $BTC – the strongest buying pace since early January. Long-term holders are almost standing still, as reflected in the binary CDD close to 0.
In other words, smart money remains very calm. As long as about 3.5% of the supply returns to a profitable state, the market will regain stability. Short-term fluctuations may still occur, but a collapse is unlikely when large investors are quietly buying.
#BTC
