Key takeaways
Is Bitcoin ready for a major price move?
Yes. With $2.7 billion in shorts and $1.1 billion in longs stacked near press time levels, BTC is in a tight range.
What does the profit data say about market sentiment?
About 83.6% of Bitcoin’s supply is now in profit, but there’s a need to watch for overheating above 95%.
With most holders sitting on profits and traders piling into both long and short positions, Bitcoin [BTC] may be ready for a big move. Around $2.7 billion in shorts and $1.1 billion in longs are stacked close to the press time price, creating a tight zone of tension.
Whether Bitcoin breaks up or down next, a major price swing could be just around the corner.
Rising profits mean confidence
Bitcoin’s supply in profit climbed to about 83.6%, meaning most holders are now back in the green. This metric often serves as a useful way to figure out market sentiment.
Right now, it means the market’s got Bitcoin’s back.
Source: Cryptoquant
Usually, when the share of BTC in profit stays between 80% and 90%, the market tends to keep expanding as holders resist selling.
While the press time level looked healthy, traders should watch for signs of overheating once it pushes past 95% – A zone that is often followed by market corrections.
Source: Glassnode
A major move ahead
Bitcoin, at the time of writing, was trapped between heavy liquidation zones – The perfect setup for a potential breakout. Around $2.7 billion in short positions are stacked just above press time levels, reaching up to $117,000. On the contrary, $1.1 billion in longs sit below, down to $113,700.
Source: X
Beyond these levels, the pressure starts to build. Around $15.35 billion in shorts extend up to $126,400, while $10 billion in longs are stacked down to $104,400. This setup puts BTC in a tight, high-stakes leverage range.
Even a small price move could trigger a wave of liquidations. The market remains coiled, and a major move could set off the next volatility phase.