52.3% in Profit...Bitcoin Showed Its Resilience

▲ Bitcoin (BTC) ©

More than half of Bitcoin (BTC) holders are still in profit, and signs are emerging that the market has entered a 'decelerating selling pressure zone'.

According to crypto media outlet Finbold on April 22 (local time), the percentage of Bitcoin in circulation that is in profit, based on on-chain data, was tallied at 52.3% on a 7-day moving average. This means that more than half of Bitcoin is still in an unrealized profit state based on current prices.

This indicator is calculated by comparing each coin's last on-chain movement price with its current price, and it is analyzed that more than half of investors are in profit based on the current Bitcoin price of approximately $78,000. However, compared to October 2025, when 99.66% of the total supply was in profit at an all-time high of $126,000, market enthusiasm has cooled significantly.

In past cycles, periods where the profit ratio fell to around 50% often occurred during bearish or correction phases. This phase is characterized by an increase in the proportion of investors in loss, gradually reducing selling pressure, and often leads to a 'supply-demand stabilization phase' after some investors exit the market.

The current circulating supply of Bitcoin is approximately 19.8 million units, and this indicator is calculated by reflecting the coin's scale, not just the quantity, thus showing the market structure including institutional and large investor positions. However, this indicator is used as a reference to gauge investor sentiment and position status rather than accurately predicting market bottoms.

Technically, mixed trends continue. Bitcoin is trading at $78,263, up approximately 3% over 24 hours, maintaining a short-term uptrend above its 50-day simple moving average of $70,718. Conversely, it remains below the 200-day moving average of $86,129, indicating that the medium-to-long-term resistance zone is still valid. The Relative Strength Index (RSI) is 61.31, which is not overbought but indicates moderate upward momentum.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*