Bitcoin Bulls Maintain Profit Position Despite 27% Price Drop from $125k Peak

Summary:
Despite a 27% decline from its peak of $125,000, Bitcoin continues to show resilience, with 67% of its supply remaining in profit. This statistic indicates that while the market is experiencing bearish pressure, it's only moderate. Analysts note that current conditions resemble the early stages of a correction observed in 2022, yet the supply-in-profit metric offers a glimmer of hope for stabilization.

Key Takeaways

Bitcoin's price has dropped 27% from its all-time high of $125,000 to around $90,000.
Approximately 67% of Bitcoin's supply remains profitable, indicating only moderate bearish sentiment in the market.
The supply-in-profit metric must stay above the critical 50% level to prevent a more severe market correction.
The price movement suggests a potential recovery, with signs of stabilization after a sharp decline in November.

Bitcoin supply in profit holds above 50%

Current Market Status

Bitcoin has seen a significant drop of 27% from its all-time high of $125,000, currently trading at approximately $90,000. According to market analysis from Adler AM, 67% of Bitcoin's supply is still in profit, which is above the essential 50% threshold. This implies that the bearish pressure on Bitcoin is relatively moderate. During the downturn in 2023, this metric fell to just 46%.

Insight: In the last 24 hours, $BTC spot ETFs recorded a net inflow of 2.41K $BTC, equating to $223.5 million. — crypto.news (@cryptodotnews) December 11, 2025

Market analysts emphasize that as long as the supply-in-profit metric remains above 50%, the market condition does not appear to be dramatically bearish. However, if it falls below this threshold, the market may face increased risks, which could accelerate downward correction pressures.

Understanding the Downtrend

Bitcoin set its record high of $125,000 in early October before undergoing a corrective phase, which resulted in a drawdown of 35%. The current drawdown has moderated to 27.6%, and recent analysis suggests that the one-week simple moving average is starting to trend upwards.

The current level of 67% profit is below the typical levels above 90% often seen at market peaks, yet it significantly surpasses the capitulation zone below 50%. The reduction in drawdown from the 35% peak is indicative of a recovery process, hinting at the formation of a short-term price base.

Price action appears to have stabilized following the November correction, with indicators showing that short-term moving averages are beginning to rise again. The position of the supply-in-profit metric above the 50% mark suggests the market is balancing between selling pressure and efforts to achieve a sustainable local bottom.

This trading data has been provided by market analytics firm Adler AM, helping to clarify the current state of Bitcoin in the evolving cryptocurrency landscape.