MarketPR
More than 71% of Bitcoin's circulating supply now sits in profit, a figure approaching the 74.7% historical mean that Bitfinex associates with the transition from bear to bull markets.
This accumulation of unrealized gains near the $82,000 price ceiling introduces a structural tension: while the rising share of profitable coins signals recovery, it also positions a larger pool of holders to take profits as the asset tests previous local highs.
Bitcoin (BTC) traded within a range extending from roughly $77,200 to $82,100. On Tuesday, the price slipped to an intraday low of $77,603 before recovering to near $78,600 by late morning.
The rebound placed the asset in the middle of its recent range rather than above the upper boundary established near $82,000 the previous week.
Keep reading