Key Takeaways
- According to analyst Ted Pillows, 99.3% of the supply of Bitcoin circulating is profitable, so far as it has led to a 3-10% market correction in the past.
- The Crypto Fear and Greed Index has surged to 63, which shows growing optimism but not yet reaching “extreme greed” levels seen before market tops.
- Bitcoin ETFs have gained inflows of $3.2 billion in 2025, with a high level of institutional interest as BTC gathers around $121,900.
Nearly all Bitcoin at present is making profit, and this is raising debates among market participants whether the market will see a short-term pullback. According to recent statistics by on-chain analytics platform CryptoQuant, 99.3% of the total supply of Bitcoin is now profitable, as BTC has been on a winning streak over the past several months.
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Crypto Expert Reveals Aftermath of Surge in Bitcoin Profitability
Analyst Ted Pillows, who presented the findings on X, observed that such high profitability has been historically followed by short lived corrections in the market. “In the past three occasions when Bitcoin’s profit supply exceeded 99%, the price corrected by roughly 3% to 10%,” stated Pillows. He indicated that the market may experience a similar downturn once more as traders accrue profits.
Such high profit is usually realized once a long run of price increments, where long term holders start enjoying profits. Pillows stressed that a similar pattern is starting to develop now which indicates that Bitcoin might experience temporary selling pressure before turning to its longer-term uptrend.
Based on the CryptoQuant data, the correlation between the Bitcoin price and the proportion of profitable supply is still close. The statistics indicate that with an increment in the prices, the percentage of coins with a profit also increases. Investor confidence seems to be growing with almost all the holders in positive territory. Analysts however warn that this type of market wide profitability may bring about an overheated market because traders will hasten in securing returns.
BTC Price Update & Market Sentiment
In the meantime, the market sentiment indicators also become optimistic. The widely tracked Crypto Fear and Greed Index has climbed to 63, a level that signals “greed” but still falls short of the “extreme greed” readings often seen near major market tops.
Analyst Darkfost wrote that Bitcoin is approaching an all-time high though overall sentiment is moderate. He explained present-day situations as being “optimistic but controlled” and suggested that the enthusiasm is not at extreme levels. Darkfost further indicated that in the past bull runs, the index always went beyond 80 and then had sudden reversals, and thus the present run might yet have room to run.
Market observers attribute the resurgence of optimism to a number of reasons such as continuing institutional demand. Records indicate that Bitcoin exchange traded funds (ETF) registered new high inflows of $60 billion since launch, which reflect growing involvement in the market by large-scale investors. Other financial institutions like Standard Chartered have also forecasted high price levels with reference to the further ETF momentum and subsequent usage by the rest of the market.
At the time of writing, Bitcoin is trading around $121,900 after several months of good performance. Analysts observe that the existing combination of almost complete profitability, average sentiment and large institutional inflows is a complicated market situation. The response of the traders to the current levels of profit and the changes in market indicators will determine whether this balance will cause a short-term retraction or long-term growth.
Also Read: Can Bitcoin Price Hit $130K Soon? Crypto Expert Reveals Secret to Surge
