88% of Bitcoin's Circulating Supply is in a profitable state, with $75,000 to $95,000 becoming the new structural bottom.

BlockBeats news, on May 6, Glassnode data shows that currently, 88% of BTC Circulating Supply is in profit at the price level of $94,100, with losses primarily concentrated among buyers at the $95,000-$100,000 range. The $75,000-$95,000 range may become a new structural bottom. On-chain indicators show that the MVRV Ratio (market capitalization/realized market capitalization) has returned to the long-term average of 1.74 (which has continuously acted as a support level since January 2024), and the NVT Ratio (network value/on-chain volume) is currently at a neutral value of 0.5, significantly improved from the Overbought signal at the same price level in February 2025. Bitcoin holders' holding mentality is strengthening, with CEX inflow/outflow ratio decreasing by 1.5 times compared to network activity, confirming that the current pump is more sustainable, and market data also shows that selling pressure is weakening. Investors generally regard the $75,000-$95,000 range as an undervalued area rather than an exit point, consistent with the overall bullish sentiment. The willingness of profitable investors to sell at the current price level is decreasing, which may further consolidate the current bull run structure, and the cooling phase of the MVRV Ratio often lays the groundwork for subsequent growth.