$BTC This on-chain chart is starting to go all-in on the “bottom being raised”!
The proportion of profitable addresses has surged back to 80%.
In the previous rounds, the major bottoms were accompanied by extreme sell-offs!
But this round’s low point is clearly higher than before.
The distribution of holdings is changing!
What’s most interesting in the chart is this: after each deeper adjustment, the low point for Bitcoin’s profitable-address ratio is being lifted upward. Around 2015, it bottomed near 30%; in 2020 it once fell to around 40%; in 2022 the low was already around 50%; and this time the minimum still held above 60%. Now it’s back to about 80% again.
This suggests that more and more of the cost basis zones for holders are being locked at lower levels. To push the entire market back into widespread losses, the price would need an even deeper drop. This one factor alone can’t directly confirm that the “major bottom has formed,” but if profitable addresses continue to stay elevated while BTC also holds the recent low, this adjustment increasingly looks like a turnover of positions rather than the start of a brand-new, full-blown bear market.
The real “meat” of it is that the “loss threshold” during each wave of panic is also being raised.
If this time the 60% area truly turns into the new bottom, the next round of market action may have a firmer underlying position base than in the past!
Click the card below and go straight at it!👇
$ETH $SOL
The proportion of profitable addresses has surged back to 80%.
In the previous rounds, the major bottoms were accompanied by extreme sell-offs!
But this round’s low point is clearly higher than before.
The distribution of holdings is changing!
What’s most interesting in the chart is this: after each deeper adjustment, the low point for Bitcoin’s profitable-address ratio is being lifted upward. Around 2015, it bottomed near 30%; in 2020 it once fell to around 40%; in 2022 the low was already around 50%; and this time the minimum still held above 60%. Now it’s back to about 80% again.
This suggests that more and more of the cost basis zones for holders are being locked at lower levels. To push the entire market back into widespread losses, the price would need an even deeper drop. This one factor alone can’t directly confirm that the “major bottom has formed,” but if profitable addresses continue to stay elevated while BTC also holds the recent low, this adjustment increasingly looks like a turnover of positions rather than the start of a brand-new, full-blown bear market.
The real “meat” of it is that the “loss threshold” during each wave of panic is also being raised.
If this time the 60% area truly turns into the new bottom, the next round of market action may have a firmer underlying position base than in the past!
Click the card below and go straight at it!👇
$ETH $SOL
