Bitcoin‘s (BTC) price has fallen over $15,000 since hitting an all-time high (ATH) of $126,198 in the first week of October. The sharp drop in prices caused by widespread crypto liquidations caused massive declines. However, recent on-chain data suggests a bullish rally in the coming days.
Bitcoin selling pressure decreases
as highlighted According to Axel Adler, an on-chain analyst at X, the supply of Bitcoin as a percentage of profits has declined significantly. To be clear, this refers to the percentage of all BTC held by an investor that has the potential to generate profits at its current market value.
Notably, over the past 30 days, the amount of Bitcoin purchased at prices lower than today’s prices has decreased significantly. This is considered a bullish signal as fewer investors may be willing to sell their assets at a loss. A development that could reduce selling pressure.
This explains why fewer market participants are willing to dump their coins despite price fluctuations. Although the market has not fully recovered before the liquidation, the decline is smaller than it was about a month ago.
Bitcoin’s supply to profit ratio (30D change) has increased from -12% to ->-6%, sellers are weakening and bulls are being bought. In fact, while the proportion of coins in profits is still lower than a month ago, the decline is now shallower and the negative momentum is moderating. pic.twitter.com/IXyg9KQeSl
— Axel 💎🙌 Adler Jr. (@AxelAdlerJr) October 25, 2025
This development suggests that the worst part of the economic downturn may be over and the flagship crypto asset is stabilizing. If this trend continues, Bitcoin is likely to reverse upwards as the selling pressure loses momentum.
The BTC market is likely to enter a new phase purchase interest rate The asset finds a new price floor. Bitcoin holders may be taking advantage of this period of volatility to accumulate coins, as historical precedent suggests that increased volume can cause price spikes.
Institutional interest in Bitcoin is growing
As of this writing, Bitcoin is trading 111,616.94, representing an increase of 0.32% in the past 24 hours. The coin opened at $109,770.15 and rose to a high of $111,850.31 before paring some gains amid low volume.
Current trading volume is $40.43 billion, down 20.9%. If the supply as a percentage of earnings is low, the asset is likely to register tight supply, which will positively impact the price outlook.
Furthermore, JPMorgan’s recent U-turn to Bitcoin shows that institutions are increasingly attracted to Bitcoin. The well-known banking giant is considering making it available to institutional investors. Holding BTC as collateral Eligible for financing as of the end of 2025.
This development could increase the demand for Bitcoin and increase its price in the long run.
