Bitcoin: Fresh Inflows Push 81% into Profit
CryptoQuant data via Kashif Raza shows fresh capital entering Bitcoin with 81% of supply now in profit, a pattern typical during bull markets.
SourceAnalysis
Bitcoin is attracting fresh capital, with CryptoQuant data indicating 81% of supply now sits in profit, a condition that has historically aligned with sustained bull phases.
Price action on the 4-hour chart shows BTC trading at $83489.24 inside the Bollinger Bands, pressing against the upper band at $83534.46 while the 50-EMA at $82371.99 and 200-EMA at $82077.27 continue to anchor the bullish structure. The MACD golden cross at 269.87 reinforces trend strength, and neutral RSI at 62.07 leaves room for continuation rather than immediate exhaustion. A brief pullback toward the 50-EMA confluence would align with typical profit-taking before the next leg higher.
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.