Despite recent volatility, over 85% of circulating Bitcoin supply is currently in profit, signaling a strong bullish sentiment. Historically, such high-profit levels often align with euphoric market phases — but they also tend to precede short- to mid-term corrections as traders begin locking in gains.
🧠 According to on-chain analyst Darkfost, if the percentage climbs above 90%, it could mark the start of an overheated phase, potentially triggering localized tops.
At the same time, BTC’s funding rate remains neutral at 0%, suggesting the market is still in “wait and see” mode. No clear dominance from bulls or bears, and that could mean a major move is brewing.
📉 On the technical side, BTC is currently trading just below a key resistance at $95,971. RSI sits at 68.21, indicating that there’s still room for upside before entering “overbought” territory.
A clean break above resistance could send Bitcoin toward $98,983.
What’s your play here — break out or fake out?
