Bitcoin price has been quiet in recent days. It is moving in a narrow zone between eighty eight thousand and ninety one thousand dollars. This range was broken before but the market has returned to it again. Because of this many people are asking if the wider trend has turned weak. The answer is not simple. Some signs look soft but other signs still support a positive view.
One key factor is how much Bitcoin supply is still in profit. When most holders are in profit they usually prefer to wait instead of selling fast. This creates calm in the market. Data shows that when around seventy five percent or more of Bitcoin supply is in profit price action often stays stable. Recently Bitcoin moved into that zone for a short time. Now it sits closer to seventy one percent. This drop does raise some risk. If it falls more price could slide toward the low eighty thousand area.
Still the situation is not broken. If supply in profit climbs back toward seventy five or eighty percent confidence can return. This level has helped price find balance many times before. Some analysts believe the market is simply building a base. A slow base can support a stronger rise later.
Another important part of the story is whale behavior. Whales are large holders with big balances. During this period smaller investors have been selling. Many are nervous and prefer to exit when price feels slow or weak. Whales are doing the opposite. They are adding more Bitcoin to their holdings. Data shows whale balances rising to levels not seen since early January. Total whale holdings are now near three point two million Bitcoin.
This matters because whales hold a large share of total supply. Their actions can guide market direction. When they buy during calm or weak periods it often means they see value at current prices. It also suggests they expect higher prices over time. Increased flow into long term holding addresses supports this view.
Long term holders also remain steady. These are investors who have held Bitcoin for a long time and usually do not react to short term noise. A metric that tracks movement of old coins shows very low activity right now. This means long held Bitcoin is not being moved or sold. These holders appear confident and patient.
When whales and long term holders act together it sends a strong signal. It shows that experienced players are not rushing to exit. Only a small share of supply needs to move back into profit to reach the zone linked with better stability. That shift alone could improve market mood.
In simple terms Bitcoin is not showing signs of panic. Retail sellers are stepping back but larger and older holders are staying firm. The market may feel slow but the structure underneath remains intact. Supply in profit whale buying and long term holding all suggest the bull case is still alive.
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