- •Bitcoin crosses $117K for the first time.
- •Over 95% of BTC in circulation is now profitable.
- •On-chain data suggests strong investor sentiment.
Bitcoin’s bullish momentum has pushed the price above $117,000, and with that surge, over 95% of its circulating supply is now in profit, according to on-chain analytics platform Glassnode. This marks a significant milestone in Bitcoin’s current market cycle and suggests renewed confidence among holders.
The latest price movement means that most Bitcoin holders purchased their BTC at lower prices and are now seeing gains. Historically, such conditions have indicated a robust bull market environment.
On-Chain Metrics Signal Strength in the Market
Glassnode’s data reflects that a vast majority of circulating BTC is now above its cost basis. This kind of on-chain profitability often aligns with growing investor optimism and reduced selling pressure. When holders are in profit, they tend to be less likely to sell their coins, contributing to price stability or even further upward momentum.
In previous bull cycles, similar levels of profitable supply have preceded even higher prices, especially when coupled with growing institutional interest and macroeconomic tailwinds.
UPDATE: Over 95% of Bitcoin's circulating supply has returned to profit with $BTC breaking above $117K, per Glassnode. pic.twitter.com/2WRTq14yl2
— Cointelegraph (@Cointelegraph) October 8, 2025
What This Means for Investors
Crossing the $117K threshold isn’t just a psychological win; it represents a shift in market sentiment. Long-term holders are in profit, traders are re‑entering the market, and attention is returning to Bitcoin as a potential hedge and growth asset.
If this trend continues, analysts believe Bitcoin could be poised for even higher levels in the coming months. However, investors are advised to remain cautious, as large price movements can also trigger volatility.