Bitcoin’s next $80,000 breakout has $47 billion more profitable supply to absorb
Affected assets and topics
Why it matters
Bitcoin (BTC) is trading near $77,381, with Glassnode data indicating that 68% of its circulating supply is now in profit, an increase of 3 percentage points from May. This represents approximately 600,000 additional BTC worth $47 billion at current prices, which could be sold for gains if BTC approaches $80,000.
- Glassnode data showing 68% of Bitcoin supply in profit, up from 65% in May
- Approximately 600,000 BTC (worth $47 billion at current prices) could be sold for gains
- Bitcoin trading near $77,381, with focus on potential resistance at $80,000
Expected market reaction
The article suggests that the $47 billion in additional profitable supply could act as a potential overhang if BTC approaches $80,000, as holders may sell to realize gains. This could create selling pressure near resistance levels, particularly if market sentiment remains sensitive to profit-taking behavior.
Risks
- The article does not provide evidence of actual selling behavior or timing, only potential supply overhang
- Market dynamics may differ if demand absorbs the supply without significant price impact
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- mistral-small-latest
- Analysis version
- mistral-small-latest
- Article id
- 126981
- Timeframe
- 6h
Prediction lifecycle
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Mistral Small Latest BTC Neutral 90%Generated 6h Verified
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Original source
Bitcoin trades near $77,381, and Glassnode says 68% of circulating supply now sits in profit at this level, up from 65% when BTC traded here in May. That three-point gap works out to roughly 600,000 additional BTC, an estimate worth about $47 billion at current prices, that could be sold for a gain before Bitcoin […] The post Bitcoin’s next $80,000 breakout has $47 billion more profitable supply to absorb appeared first on CryptoSlate.
Read the full article on CryptoSlate
Original article published by CryptoSlate on September 3, 2026. Analysis and insights provided by AnalystMarkets AI.
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