88% of Bitcoin Supply in Profit as $75K-$95K Becomes New Structural Bottom

BlockBeats News, May 6th, Glassnode data shows that currently 88% of BTC's circulating supply is in a state of profit at the $94,100 price level, with losses mainly concentrated among buyers at $95,000-$100,000. The $75,000-$95,000 range may become a new structural bottom. On-chain indicators show the MVRV ratio (Market Value/Realized Value) returning to the long-term average of 1.74 (which has been serving as support since January 2024), while the NVT ratio (Network Value/Transaction Value) is currently at a neutral value of 0.5, a significant improvement from the overbought signal at the same price level in February 2025.

Bitcoin holders' HODL mentality is strengthening, with CEX inflow/outflow volume ratio decreasing by 1.5x compared to network activity, confirming the sustainability of the current uptrend. Market data also shows that selling pressure is diminishing. Investors are once again considering the $75,000-$95,000 range as undervalued rather than an exit opportunity, aligning with the overall bullish sentiment. Profit-taking among investors at the current price level is decreasing, which could further solidify the current bull market structure. The MVRV ratio cooling-off phase often lays the foundation for subsequent growth.