The post Bitcoin Price to $120,000? On-Chain Data Shows Negative Momentum Eased appeared on BitcoinEthereumNews.com.

Bitcoin‘s (BTC) price has shed over $15,000 since hitting an all-time high (ATH) of $126,198 in the first week of October. The sharp price drop triggered by the broader crypto liquidation caused a massive sell-off. However, recent on-chain data hints at a bullish rally in the coming days. Bitcoin seeing declining sell pressure As highlighted by an on-chain analyst Axel Adler on X, Bitcoin’s percent supply in profit is declining significantly. For clarity, this refers to the percentage of all BTC held by investors that could yield profit at the current market value. Notably, in the last 30 days, the volume of Bitcoin bought at a lower price than today’s price has dropped considerably. This is considered a bullish signal as fewer investors might be willing to sell off their assets at a loss. A development that could reduce selling pressure. It explains the reason fewer market participants are willing to dump their coins despite price fluctuations. Although the market has not fully recovered to the pre-liquidation era, the decline is now smaller than about one month ago. Bitcoin Percent Supply in Profit (30D change) rose from −12% -> −6% sellers are weakening, the dip is being bought. In fact, the share of coins in profit is still lower than a month ago, but the decline is now shallower – the negative momentum has eased. pic.twitter.com/IXyg9KQeSl — Axel 💎🙌 Adler Jr (@AxelAdlerJr) October 25, 2025 The development suggests that the worst part of the downturn might be over, and stabilization is setting in for the flagship crypto asset. If this trend continues, Bitcoin is likely to see an upward reversal as the selling pressure has lost momentum. The BTC market is likely to witness renewed buying interest with the asset finding a new price bottom. Bitcoin holders are possibly using this period…

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Filed under: News - @ October 25, 2025 6:24 pm