Bitcoin: Altcoin Supply in Profit Falls Below 25%
Bitcoin at $85681.72 while median top-500 altcoin holds under 25% supply in profit, Glassnode data shows.
SourceAnalysis
Bitcoin is doing well while altcoins lag, with the median coin among the top 500 showing less than 25% of its supply in profit according to Glassnode data shared by @simplykashif.
Price action on the 4h chart reveals BTC trading inside the Bollinger Bands at $85681.72, with upper resistance at $89267.2 and lower support at $79291.03. The EMA50 at $81930.81 and EMA200 at $76812.82 continue to anchor the bullish trend structure, yet the MACD death cross at 1671.67 signals fading momentum even as RSI(14) sits neutral at 65.13. With price testing upper Bollinger resistance while RSI flashes neutral, a healthy retracement to the 50-EMA support at $81930.81 seems probable before further continuation. Traders tracking BTC price prediction amid signs of crypto market crash risk should also monitor altcoin market analysis for divergence signals.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.