{"id":2257,"date":"2026-04-10T10:13:05","date_gmt":"2026-04-10T10:13:05","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2257"},"modified":"2026-04-10T10:13:05","modified_gmt":"2026-04-10T10:13:05","slug":"bitcoin-profit-supply-falls-to-59-percent-approaching-bear-market-territory","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/10\/bitcoin-profit-supply-falls-to-59-percent-approaching-bear-market-territory\/","title":{"rendered":"Bitcoin Profit Supply Falls to 59 Percent, Approaching Bear Market Territory"},"content":{"rendered":"\n
\n
\"\"<\/figure>\n<\/figure>\n\n\n\n

The percentage of Bitcoin supply held in profit has declined to about 59 percent, bringing it closer to levels typically seen during bear markets. This data was highlighted by analyst Darkfost, who also noted a sharp drop in the number of Bitcoin addresses sending funds to exchanges, now at a ten year low.<\/p>\n\n\n\n

In a post shared on April 9, Darkfost explained that the current profit supply is significantly below the historical average of roughly 75 percent. According to the analysis, nearly half of all Bitcoin is now being held at a loss.<\/p>\n\n\n\n

This metric plays an important role in market dynamics. For Bitcoin to sustain upward momentum, a solid portion of investors usually needs to be in profit. When many holders are underwater, selling activity tends to decline, reducing market liquidity and making it harder for prices to rise through natural demand.<\/p>\n\n\n\n

Historically, the 50 percent profit level has acted as a key zone where market bottoms tend to form. While the current reading remains above that threshold, it is gradually moving closer, suggesting weakening conditions.<\/p>\n\n\n\n

Based on this trend, Darkfost indicated that the present market environment may favor accumulation rather than selling. The strategy, according to the analysis, is to accumulate Bitcoin when losses become widespread and reduce exposure when the majority of supply returns to profit.<\/p>\n\n\n\n

In a separate update, the analyst pointed out that the number of Bitcoin addresses depositing funds to exchanges has dropped to around 31,000 per day on a 30 day moving average. This is the lowest level recorded since 2017.<\/p>\n\n\n\n

The decline in exchange activity is attributed to several factors, including reduced investor participation during an extended market correction, price levels that do not encourage selling, and a growing shift toward self custody and decentralized platforms following the collapse of FTX.<\/p>\n\n\n\n

Darkfost added that while such conditions may appear weak in the short term, they often signal that selling pressure is gradually being absorbed by the market.<\/p>\n\n\n\n

Analytics firm Glassnode shared a similar outlook, describing the current market as quiet and lacking strong conviction. The firm also observed that trading activity remains subdued and that Bitcoin is currently moving within a range typically associated with bear market valuations.<\/p>\n\n\n\n

At the time of writing, Bitcoin is trading near 71,000 dollars after pulling back from a recent three week high of around 73,000 dollars. The earlier rally had been driven by news of a ceasefire between the United States and Iran, along with reports that Iran may require ships passing through the Strait of Hormuz to pay transit fees using cryptocurrency.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The percentage of Bitcoin supply held in profit has declined to about 59 percent, bringing it closer to levels typically seen during bear markets. This data...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2257","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2257"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2257\/revisions"}],"predecessor-version":[{"id":2259,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2257\/revisions\/2259"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}