Bitcoin's market dynamics are shifting, with 88% of its supply currently in profit, particularly below $95,000. This indicates a reset in investor expectations and suggests that the price range of $75,000–$95,000 may represent a structural bottom, consistent with market conditions from Q3 2024. The Market Value to Realized Value (MVRV) Ratio stands at 1.74, historically a support zone that indicates cooling unrealized gains. Analysts note that reduced selling pressure is evident, as holders exhibit less urgency to sell compared to previous price peaks. High profitability coupled with diminished exchange inflows signals that investors perceive Bitcoin as undervalued, aligning with a broader bullish sentiment in the market. The current market environment, backed by these indicators, suggests that the more profitable holder cohort may maintain their positions, potentially enhancing the bullish outlook for Bitcoin's future growth.

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