The data on the chain show that the supply of Bitcoin for profit has had a sharp increase recently. Here is if the current level is considered high or not.
Bitcoin’s offer for profit has crossed the 87% mark
According to the latest weekly Glassnode report, Bitcoin’s offer for profit marked an improvement alongside the last rally of the cryptocurrency price.
The profit offer “refers here to a chain indicator which keeps a trace of the percentage of the total BTC offer which is currently taking place at an unrealized gain.
The metric works through the transaction history of each room in circulation to see at what price it was moved for the last time. If this last transaction value of any part is lower than the current price price of any part, this particular token is supposed to transport a gain and that the profit offer includes it in its value.
There is also another indicator called the loss offer which deals with parts of the opposite type (that is to say those with a cost base greater than the last price). The two measures must sum up to 100%, so if one is known, the other can simply be calculated by subtracting it from 100.
Looks like the value of the metric has been sharply going up in recent days | Source: Glassnode's The Week Onchain - Week 16, 2025
As displayed in the above graph, Bitcoin’s offer for profit recently experienced a notable jump. The reason for this increase in the indicator naturally lies in the fact that the price of BTC itself increased during this period.
After the increase, metric reached a value of 87.3%. Interestingly, the last time BTC was negotiated about $ 94,000, the indicator was only seated at a value of 82.7%. This would imply that almost 5% of the offer that has been bought at the heights of Bull Run has since changed hands at recent lower price levels.
Generally, investors who are in profit are more likely to sell their parts. As such, in the past, the BTC has tended to see overheating when the profit supply reaches extreme levels.
Although this benefit can lead to a summit for the assets, it can in fact be a positive sign when the profit supply is able to maintain at high levels. Indeed, this indicates that there is sufficient demand on the market that BTC is able to maintain its price despite the sale.
“Historically, a typical euphoria phase tends to follow this stabilization metric greater than 90% for an prolonged period, signaling generalized profitability and high trust in investors,” notes Glassnode. So far, BTC has not yet reached this phase.
BTC price
Bitcoin broke out above $ 95,000 earlier in the day, but it seems that the asset has seen a minor decline because it is now back at $ 94,800.
The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView
Dall-E star image, Glassnode.com, tradingView.com graphic
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