Bitcoin Holds Strong as 91% of Supply Remains Profitable Despite Price Drop

Bitcoin (BTC) has declined 4.05% over the past week, reflecting continued volatility across the cryptocurrency market. Despite the drop, on-chain data from IntoTheBlock shows over 91% of circulating Bitcoin — approximately 18.26 million BTC valued at $2.08 trillion — remains “In the Money,” suggesting most holders are still in profit and less likely to sell.

At the time of writing, Bitcoin trades at $113,344, down 1.64% in 24 hours after sliding from an intraday high of $115,789. Analysts note that a breakout above the key $115,891 resistance level could propel BTC toward $150,000, provided trading volume supports the rally.

Meanwhile, around 1.41 million BTC (7.06% of supply), worth $159.8 billion, are “Out of the Money,” indicating these holders purchased at higher prices and may sell if prices fail to recover. Another 1.27% of Bitcoin, or roughly 252,980 BTC, is “At the Money,” totaling $28.77 billion in value.

Market sentiment remains cautious, with trading volumes down 21.79% to $67.56 billion, reflecting investor hesitation amid broader macroeconomic uncertainty. Many traders are closely monitoring the $116,000 level, as a decisive move above it could shift momentum back to the bulls.

Despite short-term dips, the high percentage of profitable holders underscores Bitcoin’s resilient position in the current market cycle. Investors continue to watch key resistance levels and on-chain signals for potential signs of the next major price movement.