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Key takeaways:<\/strong><\/p>\n Bitcoin supply in profit has climbed back above 85%, nearing the classic euphoric area.<\/p>\n<\/li>\n Onchain data shows strong accumulation from new and momentum buyers with minimal profit-taking.<\/p>\n<\/li>\n Bitcoin could rally toward $110,000–$115,000 helped by a “max buying” zone.<\/p>\n<\/li>\n<\/ul>\n Bitcoin (BTC<\/a>) is charging toward a potential new all-time high near $115,000, as a surge in profitable supply signals growing bullish momentum and a classic setup for market euphoria.<\/p>\n As of April 28, approximately 86.9% of all Bitcoin coins were in profit, according to on-chain data resource CryptoQuant<\/a>. <\/p>\n Historically, the metric’s climb into the 85–90% range has signaled a transition from healthy optimism to speculative euphoria among traders.<\/p>\n Between October and December 2024, for instance, Bitcoin’s price climbed from around $80,000 to over $100,000, a rally coinciding with Bitcoin’s profitable supply rising from under 80% to as high as 99%.<\/p>\n In his April 28 post, CryptoQuant-based analyst DarkFrost reminded<\/a> that Bitcoin’s euphoric phases may not last for longer timeframes, leading to sharp corrections as holders begin realizing gains. <\/p>\n BTC’s price established a record high of nearly $110,000 in January, with its profitable supply hitting 99%. But the cryptocurrency dropped by over 30% afterward. Similar profit-taking behaviors have led to price corrections in the past, as shown above.<\/p>\n “Currently, the supply in profit has climbed back above 85%, which is fairly positive,” DarkFrost writes, noting that its recovery from the recent bottom of 75% is still better when compared to 45-50% lows witnessed during bear market corrections.<\/p>\n Besides, the BTC supply in profit still remains below 90%. Crossing above 90% has historically preceded profit-taking behavior among traders, suggesting that there’s more room to grow for BTC prices in the coming days.<\/p>\n DarkFrost argues:<\/p>\n “Of course, there are certain levels that are more “comfortable” than others, but generally, an increase in the supply in profit tends to fuel bullish phases.” <\/p><\/blockquote>\n Additional onchain data also supports the bullish outlook. Bitcoin’s First Buyers and Momentum Buyers are actively accumulating, while Profit Takers remain relatively quiet, according to Glassnode metric<\/a> tracking BTC’s cumulative supply per cohort.<\/p>\n This means fresh demand is coming in without heavy selling, a key ingredient for keeping the rally strong as anticipated by DarkFrost in the analysis above.<\/p>\n In late April, Bitcoin bounced strongly from the $89,000–$90,000 support zone, a key horizontal level from prior price action strengthening the case for more upside. <\/p>\n The area, according to chartist CryptoCaesarTA<\/a>, now acts as a “max buying” zone where buyers have aggressively stepped in to limit Bitcoin’s drawdowns.<\/p>\n Below it, the $70,000–$72,000 region remains untested, aligning closely with the long-term ascending trendline. If Bitcoin faces deeper pullbacks, this zone could serve as a critical secondary support.<\/p>\n For now, Bitcoin’s resilience above $90,000<\/a> keeps the bulls firmly in control. <\/p>\n\n
Nearly 87% of Bitcoin supply in profit<\/h2>\n
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Bitcoin “max buying” zone hints at $115,000<\/h2>\n