By May 2025, 88% of Bitcoin's circulating supply is in profit, representing a significant milestone for investors worldwide. This development highlights the resilience and enduring appeal of Bitcoin, even amid recent price fluctuations and strong influxes of new buyers.
The profit realization is primarily linked to addresses that bought in the $75,000–$95,000 range. After dipping to $74,000, Bitcoin rebounded swiftly, climbing back to $95,000. This recovery indicates durable investor confidence and continued interest from both retail and institutional participants.
Financial analysts emphasize the vital roles of macroeconomic conditions and institutional inflows in shaping Bitcoin's overall performance. Historical patterns, particularly during peaks in late 2021 and 2024, reveal cycles of strong accumulation followed by profit-taking and redistribution, suggesting that upcoming months may see similar volatility but sustained buying interest.
Despite the absence of statements from Bitcoin's core developers or major opinion leaders, the prevailing trend implies long-term holders have significantly influenced current profit margins. Arthur Hayes, BitMEX co-founder, noted that volatility comes with the territory but often rewards patient holders.