Glassnode: 95% of Bitcoin's supply is in profit

With the price rising above $117,000, more than 95% of Bitcoin in circulation became profitable, Glassnode stated.
Such values usually indicate a phase of euphoria in the market.
Analysts believe this could trigger profit-taking and increased risks.

The price of the leading cryptocurrency surpassed $117,000, after which more than 95% of Bitcoin in circulation became profitable, according to data from the analytical platform Glassnode.

With the price breaking above $117k, over 95% of the circulating supply has returned to profit.
This is a hallmark of Euphoria phases, where widespread profitability often fuels accelerated profit-taking and rising market risk.

📈:https://t.co/69Nnwa3XBL https://t.co/LiD6Lz6SqH pic.twitter.com/mo6iTrYSpE

— glassnode (@glassnode) October 7, 2025

Analysts believe this situation is typical of euphoric periods in the market. They say that during these periods, traders lock in profits en masse, which often leads to increased volatility and risk.

CryptoQuant expert Maartunn reported that 32,322 BTC (approximately $3.93 billion) were withdrawn from wallets that had been inactive for three to five years. He said this is the largest such movement in 2025.

Also on October 7, 2025, a whale with over $10 billion in Bitcoin holdings transferred 3,000 BTC to the Hyperunit platform, sparking active discussions in the crypto community about the potential start of a new phase of Ethereum accumulation.

QCP Capital previously stated that Bitcoin is rising as a safe haven asset amid the US government shutdown. At the time of writing, the leading cryptocurrency is trading near $123,000:

BTC/USDT chart on Binance. Data: TradingView.