Analyst: Bitcoin may be nearing its peak, with over 90% of BTC supply currently in profit

2025-02-11 21:13:02

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ChainCatcher news, according to Jinshi, the price of Bitcoin has fallen by 10% since it reached an all-time high on January 20, the day of Trump's inauguration. Although such volatility is not uncommon for a highly volatile asset like Bitcoin, analysts at BCA Research warn that the cryptocurrency may be nearing its peak. The firm has been bullish on Bitcoin for the past two years.

The BCA team stated, "We are concerned that this frenzied optimism is a signal that the cryptocurrency market is nearing its top."

They pointed out that over 90% of the Bitcoin supply is currently in profit—historically, this ratio is often a sign that Bitcoin's price is peaking. They also added that among the top ten financial applications by download volume, eight are cryptocurrency trading apps.

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