Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
The U.S. added an estimated 178,000 jobs in March, rebounding from unexpectedly large job losses in February, according to data released Friday morning. March’s gains were about three times what economists expected, and the unemployment rate edged down to 4.3%. Why the March jobs report matters Market watchers generally viewed…
Bitcoin was trading in a narrow range around $66,500 heading into the week, with price action remaining subdued. Recent on-chain data, however, suggests the consolidation period may be aligning with the formation of a market bottom.
In a Quicktake post on the CryptoQuant platform, on-chain analyst EgyHash offered an optimistic view, arguing that Bitcoin could be forming a major cycle bottom. The key metric cited was the Supply in Profit Market Bands.
According to the post, the Supply in Profit indicator has recently fallen to about 11.3 million BTC. This move followed the metric passing through the Psychological Inflection and Liquidity Accumulation bands.
EgyHash also noted that the Supply in Profit landed directly on the Bottom Discovery area. The analyst said this band is where most Bitcoin short-term holders have been forced to turn over their holdings.
The market quant stated that the Supply in Profit reading has only reached the green Bottom Discovery band during major bottoms of the Bitcoin cycle. Examples cited included the crypto winter in 2018/2019, the March 2020 liquidity crisis, and the late 2022 post-FTX capitulation.
EgyHash highlighted that the speed of the current transition is notable, describing how the market moved quickly from the Overheated Zone to the Bottom Discovery within a single flush.
The analyst interpreted this as a sign that “Seller Exhaustion” is becoming the prevailing condition, with the “Mania” phase already long superseded.
When Supply in Profit reaches this type of base, it typically indicates that long-term holders are taking the lead, absorbing supply from weaker hands. In this case, the analyst framed the move to the Bottom Discovery band as consistent with bearish risk becoming more exhausted.
At the same time, the post included a caution: falling to the Bottom Discovery band “does not guarantee an immediate V-shaped recovery,” but instead suggests relatively high exhaustion of bearish risk. Market participants were advised to wait for further confirmation before acting.
As of this writing, Bitcoin was trading at approximately $66,901, reflecting no significant change over the past 24 hours.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
