Bitcoin targets $115K as BTC supply metric nears 'historic euphoria' zone

Apr 29 2025 bitcoin


Bitcoin’s profitable supply nears 90% as strong buyer demand signals a potential rally toward $115,000.

Key takeaways:

Bitcoin supply in profit has climbed back above 85%, nearing the classic euphoric area.

Onchain data shows strong accumulation from new and momentum buyers with minimal profit-taking.

Read more