Interactive Brokers Lists SOL, ADA, XRP, DOGE Following White House Interest

Bitcoin’s supply in profit has continued to rise steadily despite recent setbacks and persistent market headwinds.

On-chain data shows that over  85% of BTC’s circulating supply is currently in profit. This is a historically bullish signal but often marks the beginning of euphoric phases in market cycles. 

BTC Enters Bullish Territory, but Analysts Warn of Possible Pullback

BTC’s supply in profit measures the percentage of coin holders who acquired their assets at prices lower than the current market value. When this number rises, it indicates broad investor confidence and strong capital inflows into the asset.

In a new report, pseudonymous CryptoQuant analyst Darkfost found that more than 85% of BTC’s circulating supply is currently held in profit. Although this trend represents a bullish signal, it comes with a catch.

“Having a large portion of the supply in profit is not a bad thing, quite the opposite. Of course, there are certain levels that are more “comfortable” than others, but generally, an increase in the supply in profit tends to fuel bullish phases,” Darkfost wrote. 

According to the analyst’s note, the market is now entering the euphoric zone, a phase that emerges when the profit supply approaches or exceeds 90%. These levels, while bullish, have often coincided with local market tops as traders begin to lock in profits, triggering short- to medium-term corrections.

“Historically, when the supply in profit surpassed the 90% threshold, it consistently triggered euphoric phases, and we are now approaching that level. However, these euphoric phases can be short-lived and are often followed by short- to medium-term corrections.”

Funding Rate Signals Market in Wait-and-See Mode

Interestingly, BTC’s funding rate remains relatively balanced, indicating that the market is in a state of anticipation. At press time, the coin’s funding rate is 0%.

The funding rate is a periodic payment between traders in perpetual futures markets, used to keep contract prices aligned with the spot market. As with BTC, when an asset’s funding rate is 0%, it indicates a neutral market sentiment, where neither long nor short positions dominate.

This signals that BTC investors are waiting for a catalyst to provide clearer direction. This neutral market sentiment and rising profit supply set the stage for potential price volatility in the near term.

Bitcoin Holds Firm Below Resistance

At press time, the king coin trades at $95,125, resting below a major resistance level of $95,971. Despite recent market volatility, BTC demand among spot market participants remains significant, as reflected by its Relative Strength Index (RSI), which currently stands at 68.21.

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 suggesting that the asset is overbought and due for a price decline. Converesly, values under 30 indicate that the asset is oversold and may witness a rebound.

BTC’s RSI reading indicates room for further price growth before the coin becomes overbought. If demand strengthens, the coin could break above the $95,971 resistance and rally to $98,983.

However, if bearish sentiment grows, BTC could resume its downtrend and fall to $91,851.

The post Bitcoin (BTC) Approaches Euphoria Zone With 85% of Supply in Profit appeared first on BeInCrypto.

Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee to see expert opinions on what the future holds for Bitcoin (BTC) amid renewed institutional interest. Meanwhile, its market peer, gold, is no longer the only go-to investment in times of uncertainty.

Bitcoin to $120,000: Standard Chartered Predicts Next BTC Rally

As indicated in a recent US Crypto News publication, Bitcoin price remains on course to the target objective of the falling wedge pattern.

After overcoming the resistance at $94,000, BTC is confronting immediate resistance at $95,765. A decisive candlestick close above this roadblock could clear the path for further upside, with Bitcoin price potentially completing the forecasted 20% climb to $102,239.

This optimism comes as Bitcoin emerges as a potential beneficiary amid global trade tensions. US tariffs are sparking capital flight and market volatility.

Against this backdrop, analysts are already predicting a major revaluation of Bitcoin. They cite growing liquidity and global conditions, elements that suggest a shift away from dollar-dependent assets.

BeInCrypto contacted Standard Chartered for insight into the current Bitcoin market outlook. Interestingly, the bank forecasted a breakout Bitcoin rally mirroring its post-US election surge, with a Q2 price target of $120,000 now in sight.

According to Standard Chartered Head of Digital Asset Research Geoff Kendrick, Bitcoin’s price is primed for a rally similar to its dramatic rise following the US presidential election in November 2024.

The pioneer crypto hit a record high of $103,713 the following month.

Kendrick pointed to accelerating US spot Bitcoin ETF (exchange-traded funds) inflows, particularly when contrasted with declining gold ETP (exchange-traded product) inflows.

“The last time the gap between Bitcoin and gold ETF flows was this wide was during the week of the US election,” Kendrick told BeInCrypto.

According to Kendrick, Bitcoin is catching up to gold, with the king of crypto already serving as a better hedge amid strategic asset reallocations away from the US.

This aligns with another recent US Crypto News publication that highlighted Bitcoin as a hedge against traditional finance (TradFi) and US Treasury risk.

With this, the Standard Chartered executive maintains a bullish Q2 target for the largest digital asset by market capitalization.

“I look for a fresh all-time high of $120,000 in Q2, then on to my $200,000 end-year forecast,” Kendrick added.

Indeed, Standard Chartered recently predicted that Bitcoin would hit a new all-time high, forecasting $200,000 by 2025 and $500,000 by 2028.

Chart of the Day

This chart compares investment flows into two financial instruments, Bitcoin ETFs and Gold ETPs. It shows higher investor interest and volatility in the former compared to the latter.

Byte-Sized Alpha

• Over 85% of Bitcoin’s circulating supply is currently in profit, signaling strong investor confidence and bullish trends.
• Billionaire Ray Dalio warns the global monetary order is nearing collapse, driven by tariffs and deglobalization trends.
• Tether’s Q1 2025 report reveals its tokenized gold product, XAUT, is backed by over 7.7 tons of physical gold. With rising global economic uncertainty, XAUT’s market cap surged to $853.7 million, making it the largest tokenized gold product.
• Bitcoin ETFs enjoyed seven consecutive days of positive inflows, with over $500 million in new capital added. Despite strong ETF demand, Bitcoin’s futures market shows caution, with a growing preference for bearish options.
• BNB Chain optimizes for speed, cutting block times to 1.5 seconds for BSC and 0.5 seconds for OpBNB. Meanwhile, Ethereum’s Fusaka faces a developer rift.
• Experts caution that stablecoin transaction volumes may be inflated by bots, wash trades, and flash loans that distort actual usage.
• Virtual Protocol’s native token, VIRTUAL, has surged 161% in a week, reaching a two-month high as AI agent activity rises.

Crypto Equities Pre-Market Overview

The post Bitcoin ETF Inflows Surge as Gold Lags—$120K Target in Sight, Says Standard Chartered | US Crypto News appeared first on BeInCrypto.

Bitcoin (BTC) surged past the $90,000 mark following reports of its potential preferential treatment in President Donald Trump’s proposed US crypto reserve strategy.

The speculation comes ahead of the White House Crypto Summit, which Trump will host and feature top digital asset industry executives.

Trump’s Bitcoin Reserve Plan Unveiled

Citing Commerce Secretary Howard Lutnick, The Pavlovick Today revealed that the strategic cryptocurrency reserve would be on Friday’s agenda for President Trump’s White House Crypto Summit.  

“The President definitely thinks that there’s a Bitcoin strategic reserve. Now there will be the question of, how do we handle the other cryptocurrencies? And I think the model is going to be announced on Friday,” Lutnick reportedly stated.

Reportedly, Trump envisions a strategic Bitcoin reserve, distinguishing it from other cryptocurrencies. Lutnick suggested Bitcoin would receive unique status under Trump’s plans.

“So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently,” he added.

Following this news, Bitcoin reclaimed the $90,000 psychological level, with BTC trading for $90,097 as of this writing. According to BeInCrypto data, this represents a surge of over 7% since Wednesday’s session opened.

The prospective preferential treatment for Bitcoin is unsurprising given its heft as the pioneer crypto. Similarly, its commodity status, like Ethereum (ETH), also positions it for possible privilege.

While Trump has positioned himself as an outspoken advocate for the digital asset industry, he was more inclined toward the king of crypto ahead of the Bitcoin conference in July 2024.  

In a recent Truth Social post, he emphasized his administration’s commitment to elevating the crypto sector. Specifically, Trump announced that the US crypto reserve would include XRP, SOL, and ADA alongside Bitcoin and Ethereum.

However, Lutnick’s comments suggest that Bitcoin may receive special status under the new framework. While Trump’s announcement has fueled bullish sentiment in the Bitcoin market, it has also sparked significant debate.

Some crypto leaders have expressed skepticism about including alternative cryptocurrencies (altcoins) in the US reserve. Critics argue that favoring Bitcoin while treating other tokens differently could create market distortions.

Peter Schiff, a longtime Bitcoin critic, called Trump’s crypto reserve plan “the biggest crypto rug pull of all time.” Meanwhile, other experts had previously predicted that additional altcoins could be incorporated into the reserve, a forecast now challenged by Lutnick’s latest statements.

Another major talking point is Ethereum’s role—or lack thereof—in the prospective crypto reserve strategy. The White House Crypto Summit will feature leaders from ecosystems running on Ethereum, but the blockchain lacks representation.

Notwithstanding, the announcement of a strategic crypto reserve has led to speculation about an incoming altseason. Tim Haldorsson, founder of Luna Strategy, told BeInCrypto that Trump’s plan could drive increased investment into altcoins.

However, Henrik Zeberg Jensen, the head of Macroeconomics and fund manager of Swissblock Technologies AG, has a different opinion.

“Trump does not stand as a testimony to or a proof of which tokens will have success. Look at his meme coin [TRUMP]! No usability- and driven by speculation. The success of any token in the long run will be based on the usability of the token in future solutions which will lift productivity and reduce cost. Trump’s picks in that respect seem arbitrary,” Zeberg told BeInCrypto.

Should Bitcoin get preferential treatment in the crypto reserve, altcoins could still benefit. Historically, Bitcoin-led rallies have often paved the way for altcoin surges.

The post Bitcoin Retests $90,000 Amid Speculation of Preferential Treatment in Trump’s Crypto Reserve appeared first on BeInCrypto.