February 29, 2025

Bitcoin aims for $115,000 as BTC supply metric approaches "historical euphoria" zone

The profitable supply of Bitcoin is nearing 90%, with strong buying demand suggesting a possible rally towards $115,000.

The supply of Bitcoin in profit has again surpassed 85%, approaching the classic area of euphoria.

On-chain data shows strong accumulation by new and momentum buyers, with minimal profit-taking.

Bitcoin could surge towards $110,000-$115,000, aided by a “maximum buy” zone.

Bitcoin

BTC

€83,443

is heading towards a possible new all-time high near $115,000, as an increase in profitable supply signals growing bullish momentum and a classic setup for market euphoria.

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