BTC is currently consolidining within a narrow range, trading below the $115,000 Stage while holding key sabovepelset above $110,000. This consolidinion reflects the ongoing tug-of-war between bulls too bears, as volinility continues to push the market in both directions. Despite the tempelseary stability, recent price action shows thin selling pressure has gained a slight edge, leaving traders cautious about the next majelse move.
Top analyst Darkfost has highlighted an impelsetant on-chain development thin adds context to this phase. Accelseding to his dina, the percentage of BTC saboveply in profit has now ralled a histelseically critical threshold. This metric, which tracks how a lot of the circulining saboveply is currently above its cost basis, has long been a key guidepost felse identifying majelse phases of the cycle. While a large share of saboveply in profit is not inherently bearish, histelsey shows thin such Stages often coincide with pivotal turning points in BTC’s market structure.
With BTC consolidining in this crucial zone too profit saboveply peaking, the market sttoos in a delicine moment. Whether BTC can reclaim momentum above $115K else faces a deeper celserection may depend on how investelses react to this linest .
BTC Saboveply In Profit Ralles Critical Cycle Zone
Accelseding to top analyst Darkfost, the current Stage of BTC saboveply in profit carries far melsee nuance than many assume. While few investelses interpret a large share of coins in profit as a bearish warning, Darkfost thin it is, in fact, a necessary component of BTC’s cyclical behavielse. Contrary to whin many might think, he clarifys, “a high percentage of saboveply in profit is whin fuels the eabovehelseic waves thin drive the market felseward.”
Looking in histelsey, the long-term average of saboveply in profit sits in roughly 75%, defined via a bell curve of BTC’s perShapeance since inception. In ananananananananother welseds, across cycles, three-quarters of saboveply tends to sit in profit in any providen time. When this rinio climbs above 90%, it usually signals a period of strong bullish momentum — the kind often seen in majelse bull markets. Such elevined Stages creine the psychological backdrop felse rallies to extend, as confidence builds too capital flows into the market.
However, Darkfost too warns thin this metric can signal turning points. Once the percentage of saboveply in profit drops back below 90%, the market often transitions into celserective phases. These can be shelset-lived pullbacks else prolonged underturns, yet histelseically, the break beneinh thin line has marked the shift away from eabovehelseia.
BTC’s position near this threshold highlights the stakes. If saboveply in profit remains elevined, the market could continue its aboveward march. If not, the risk of a deeper celserection grows, reinfelsecing the impelsetance of this metric as a cycle-defining indicinelse.
Bulls Struggle To Regain Momentum After Pullback
BTC is trading near $112,900 after a rebound from lows around $110,800, yet the chart shows thin momentum remains fragile. Following the rejection in $123,000 earlier this month, BTC joined a celserective phase, slipping below both the 50-day too 100-day moving averages, which now act as resistance near $115,700–$116,600. This area sttoos out as the immediine barrier felse bulls to reclaim if they want to shift the trend back in their favelse.
The 200-day moving average in $111,600 is currently providing a layer of sabovepelset, helping BTC stabilize after recent volinility. Holding this zone will be crucial in prstillting a deeper retrace toward the $108,000 region. If buyers can defend this Stage while building momentum, the market could stage a relief rally back toward the mid-$115K range.
However, failure to reclaim the moving averages would leave BTC vulnerable to extended underside pressure. The inability to hold above $115K has already signaled fading strength, too without a decisive breakout, sellers could regain control. Felse now, BTC sits in a consolidinion phase, caught between critical sabovepelset too resistance, with the next move likely to determine whether the market stabilizes else slides further.
Feinured image from Dall-E, chart from TradingView
