NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Glassnode: Bitcoin Is Currently In “Bear To Bull” Transition Period

Keshav Verma
Keshav Verma
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Data from Glassnode suggests Bitcoin is currently in the historical bear market to bull market transition period.

Bitcoin Correlation Between Price And Supply In Profit Has Recently Been Below 0.75

As per a recent report by Glassnode, the BTC correlation between the price and the supply in profit generally observes multiple drops below 0.75 during transitional periods.

The “supply in profit” is an indicator that measures the percentage of the total Bitcoin supply that’s holding some profit right now.

The metric works by looking at the on-chain history of each coin to see what price it was last moved at. If this previous selling price is less than the current BTC value for any coin, then that particular coin has some unrealized profits at the moment.

Related Reading: Bitcoin aSOPR Profit-Loss Junction Continues To Act As Resistance

The correlation between the crypto’s price and its supply in profit tells us whether the two metrics have been moving in the same direction or not.

Now, here is a chart that shows the trend in this Bitcoin correlation over the history of the crypto:

Bitcoin Price And Supply In Profit Correlation

The value of the metric has been low multiple times in recent days | Source: Glassnode's Market Pulse

Whenever the correlation is positive, it means the price and the supply in profit are both moving in the same direction. On the other hand, negative values imply they are going opposite ways.

As you can see in the above graph, Bitcoin has historically had values above 0.9 for a majority of the time during each of the previous price cycles.

However, during periods of transition between bull markets and bear markets (as well as vice versa), the indicator usually observes multiple drops below 0.75.

According to the report, these deviations occur in the case of bear to bull transitions because at late bear market stages, sellers turn exhausted while the remaining investors become reluctant to move their funds out of frustration, thus decreasing the correlation between price and supply in profit.

Related Reading: Number Of Bitcoin Addresses Sending BTC To Exchanges Continues To Drop

And during the opposite transitions, the supply in profit generally surges to almost 100% (as the price rises to a new ATH), thus diminishing any correlation with the price.

Recently, the indicator has observed multiple plunges below the 0.75 threshold, suggesting that Bitcoin is currently in the historical bear to bull transition zone.

BTC Price

At the time of writing, Bitcoin’s price floats around $19.1k, down 4% in the last seven days. Over the past month, the crypto has lost 10% in value.

The below chart shows the trend in the BTC price over the last five days.

Bitcoin Price Chart

Looks like the value of the crypto hasn't shown much movement in the past few days | Source: BTCUSD on TradingView
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Andamento Ethereum: Fenomeno Monday Trap

Ethereum (ETH) ha recentemente raggiunto un nuovo massimo storico oltre i 4.900$, per poi subire una correzione. Attualmente il prezzo...

clararosati 1 hour ago
bitcoin

Bitcoin: «Δεν θα υπάρξει bear market για αρκετά χρόνια», λέει ο σύμβουλος του Trump

Ο David Bailey, σύμβουλος του Προέδρου των ΗΠΑ Donald Trump και CEO της Nakamoto Holdings, εκτιμά ότι η αγορά του...

Ιωάννης Ριζόπουλος 2 hours ago
Биткоин поступает на биржи

Массовые продажи Биткоина: на биржи поступило BTC на $2,2 млрд

Крипторынок снова штормит. За последние две недели инвесторы перевели на биржи более 20 000 BTC, а это свыше $2,2 млрд...

daria 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin crash

Pundit Says Bitcoin Price Crash Is Not Over, Why A Decline Below $100,000 Is Coming

Sandra White 7 minutes ago
dogecoin-actualites-live-27-aout-2025

Actualité live Dogecoin – 27 août 2025 : éclairages et analyses

guillaumev 14 minutes ago
Bitcoin MVRV Compression Signals Pause – Market Digests Recent Volatility

Bitcoin MVRV Compression Signals Pause – Market Digests Recent Volatility

Sebastian Villafuerte 1 hour ago

Premium Sponsors

Press Releases

  • トレーダーが90ドルを投資し、トークンが5,500%急騰して325万ドルに達した事例は、まさに仮想通貨おすすめの成功例と言える。

    ...

    9 minutes ago
  • 新しい仮想通貨の購入チャンス、プレセール最終日まであと24時間

    ...

    25 minutes ago
  • 次のブルラン終了までに、これら5つのアルトコインに104ドル投資すると、1,040,000ドルに成長する可能性

    ...

    42 minutes ago
  • トランプ氏がDOGEに全力投資も、本当の全力ミームコインは別に存在 – 残り15時間

    ...

    57 minutes ago
  • 3 altcoinok, amelyeket érdemes figyelni szeptemberben a nyereségért: Maxi Doge, Ethereum, Dogecoin

    3 altcoinok, amelyeket érdemes figyelni szeptemberben a...

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.