Bitcoin's Profitable Supply Contracts to 45% Threshold as Price Drops to $61,000

According to CryptoQuant analysis, Bitcoin's percentage of circulating supply in profit has contracted toward the 45% threshold recently as the price declined to $61,000. CryptoZone highlighted that the on-chain profitability metric is showing significant contraction, indicating broad-based weakness across the network rather than isolated losses. Historically, profitability readings at the 45% level have coincided with periods of heightened market stress, when large shares of holders transition from unrealized gains to unrealized losses.

Currently trading at $62,775, Bitcoin shows liquidity clusters at $64,000–$66,500 on the upside and $58,000–$60,000 on the downside, according to analyst Ted Pillows. Despite the significant decline, fresh buying activity continues to emerge, suggesting ongoing accumulation interest at lower price levels.