Bitcoin nears $80,000 as 69% of Circulating Supply Returns to Profit

Key Facts

1Bitcoin price surged from approximately $62,000 to nearly $80,000 within a single week.

269% of the circulating Bitcoin supply is now in profit relative to its on-chain reference level.

In a move reflecting renewed momentum in the digital asset space, Bitcoin has surged to nearly $80,000, marking a significant recovery. According to reports, the price climbed from approximately $62,000 to the near-$80,000 range within a single week. This rapid appreciation has fundamentally shifted the network's profitability profile, with 69% of the circulating Bitcoin supply now sitting in a profit position relative to its on-chain purchase price.

The rally has effectively moved a clear majority of holders back into the green, following a period of high volatility. While the 25% price increase has bolstered market sentiment, analyst data suggests that approximately $617 billion in capital remains underwater, indicating that further gains are required to fully repair the market structure. Historically, Bitcoin has maintained over 50% of its supply in profit throughout most of the current cycle, a trend that this latest rebound has firmly reinforced.

Looking ahead, market participants are focused on whether Bitcoin can maintain these elevated levels, noted as of the August 28, 2026 session. With no major crypto-specific catalysts identified in the upcoming economic calendar, investors are likely to weigh the impact of recent macroeconomic data, such as the U.S. Core PCE Price Index, on broader risk appetite and the sustainability of the current bullish trend.