Bitcoin Supply Hits 71% Profit Milestone as Price Trades Near $77,500

Bitcoin's supply is in profit at an impressive 71%, locking up approximately 14.25 million units of BTC above breakeven as the price hovers around $77,465.45.

The current price holds above both its Exponential Moving Average (EMA)50 and EMA200, reinforcing a broader bullish structure in the market.

However, technical indicators suggest short-term momentum loss, with the Relative Strength Index (RSI) at 42.38 staying neutral and the MACD printing a death cross at 59.29.

Bitcoin's price is currently within the Bollinger band and testing lower support near $77,066.19, setting up a potential retest of EMA50 before any push towards upper resistance at $80,693.55.