Bitcoin’s near-term direction is quietly being decided on-chain.

Right now, 71.5% of $BTC supply is in profit, down from the key 75%+ “latent profit” zone that historically keeps holders calm and sell pressure low.

If this metric keeps slipping, a move toward the low $80Ks wouldn’t be surprising.

But here’s the bullish part 👇

A reclaim of 75–80% supply in profit often restores market confidence and sets the base for a sustainable upside move.

As Darkfost put it, this phase can still build the foundation for a real bullish recovery — structure first, price later.

Watching supply dynamics > watching candles.

BTC

88,011.55

-1.34%