61% of Bitcoin Supply in Profit as ₱4,494,129 ($75,000) Zone Offers Open Air
Bitcoin enters an 'air pocket' above ₱4,494,129 ($75,000) with limited historical trading activity, potentially creating fewer barriers to upward price movement. The zone sits just above current spot price where the bulk of circulating supply was acquired at lower levels.
Key Takeaway
Above $75,000, Bitcoin enters uncharted territory with few sellers—a breakout could move fast.
Market analyst Darkfost mapped Bitcoin's on-chain supply distribution and found that 61% of circulating coins were acquired below the current spot price, leaving just 39% purchased at higher levels.
The analyst posted the findings on X on April 11, identifying key price zones where investor behavior could shift. The ₱3,894,912 ($65,000) to ₱4,194,520 ($70,000) range represents a critical floor where a large volume of coins last changed hands, potentially serving as strong support if Bitcoin pulls back. At press time, Bitcoin traded at ₱4,286,500 ($71,535), up 6.45% over the past seven days.
Darkfost warned that the $90,000 to $95,000 zone could act as formidable resistance, with investors who bought near those levels likely to exit at breakeven. But the analyst flagged one zone that deserves scrutiny: $85,000.
That region shows elevated volume, but Darkfost called it non-sequential from a technical standpoint. An 800,000 BTC transfer from Coinbase distorted the data at that level, meaning the activity doesn't reflect genuine market sentiment.
The most interesting finding sits above $75,000. Darkfost described this as an air pocket with historically limited trading activity, implying fewer barriers to price movement once Bitcoin clears that threshold. Bitcoin currently hovers just below this zone at $71,535.
This article was written based on reporting from NewsBTC.
