Bitcoin Unrealized Profit Ratio Reaches 80% – Still Far From Distribution Levels

Key Points

1. Bitcoin's Unrealized Profit/Loss Ratio is at 80%, indicating most holders are in profit, but it hasn't reached the 90–100% range associated with major selling pressure.

2. Bitcoin is trading just below its all-time high of $112,000, showing strength as it consolidates above $109,000.

3. Analysts are bullish, noting that Bitcoin's 30-day active supply has dropped by 17%, similar to previous patterns before significant price movements.

4. The 50-day SMA at $95,449 has provided dynamic support, while the 100-day and 200-day SMAs are trending upward, reinforcing bullish momentum.

5. A decisive close above the $109,300–$112,000 resistance band could open the door for a new leg into price discovery, while failure to hold above $109,000 may lead to a retest of the $103,600 support zone.