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

cryptoweekly by cryptoweekly
April 29, 2025
in bitcoin, News
0

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

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Recent Posts
  • New Zealand bans crypto ATMs in crackdown on criminal cash conversions
  • SharpLink Gaming pops 28% as Ethereum holdings surpass $533M
  • Bitcoin lacks ‘sustained momentum’ for new high as traders are hesitant
  • US charges 2 men over $650M OmegaPro crypto scam
  • Bitcoin lacked mass media coverage in Q2: Report
  • Crypto traders ‘starting to salivate’ as Bitcoin inches back toward $110K
  • US sanctions North Korean tech worker crew over crypto thefts

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