Over 3 Million BTC Return to Profit as Market Recovers, Glassnode Data Shows

May 8, 2025 – According to blockchain analytics firm Glassnode, Bitcoin’s recent market rebound has significantly improved investor profitability. As reported by Foresight News, when BTC approached a local low of $74,000, more than 5 million coins were held at a loss.

However, with Bitcoin’s price now surging past $101,000, that number has dropped to approximately 1.9 million BTC, suggesting that over 3 million coins have returned to a profitable state.

This shift in on-chain metrics reflects growing bullish momentum and renewed market confidence, as long-term holders and recent buyers alike begin to see gains. Analysts view this as a positive signal for market sentiment and a potential catalyst for further upward movement.

The data also underscores the rapid turnaround in market dynamics, as significant portions of the supply shift between loss and profit zones in response to price movements.