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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
  • Bitcoin, crypto dip as Trump says Iran’s leader an ‘easy target’
  • Agriculture firm AgriFORCE powers 120 crypto miners with natural gas
  • Archetyp dark web market shut down, but ecosystem adapts: TRM Labs
  • Washington’s second-biggest city, Spokane, bans crypto ATMs
  • Spanish bank BBVA suggests clients make 7% crypto allocation
  • Bitcoin and HYPE could get $844M total windfall from 4 public US firms
  • Bitcoin downside risk lingers, upside hinges on holding above $102K

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