Bitcoin (BTC) continues to gain popularity, and currently more than 85% of its supply is profitable. This indicates a high level of investor trust and a willingness to invest in cryptocurrency despite recent corrections and market hurdles.
According to analysts, including the anonymous expert from CryptoQuant, the increasing share of BTC in profit often foreshadows bullish trends, but it can also signal that the market is close to euphoria, especially when this figure exceeds 90%. At the moment, the profit share is at a level demonstrating potential interest, but the risks of short-term corrections are also increasing.
The BTC funding rate is stable and reflects the expectations of market participants who are waiting for a clear direction for price movement. With the current price at $95,125, Bitcoin continues to remain below the key resistance level of $95,971. The Relative Strength Index (RSI) at 68.21 indicates the possibility of further growth, but if bearish sentiment intensifies, BTC could drop to $91,851. Investors are awaiting the catalyst that the market will respond to, which creates the potential for volatility.
