adminIn recent developments, according to market analyst Darkfost, Bitcoin’s price-based supply distribution is revealing critical zones that could define the asset’s near-term trajectory. This latest piece of important on-chain data is offering a clearer picture of where the market may be headed next, following the positive price action observed in early April. 61% Of BTC Supply In Profit Despite Bear Season In an X post on April 11, Darkfost shares an insight into Bitcoin’s price structure based on its supply distribution pattern. At current prices, the renowned expert reports that approximately 61% of Bitcoin’s circulating supply was acquired below the spot price, leaving 39% purchased at higher levels. This positioning suggests that a majority of market participants remain in profit, a condition often associated with a more constructive market structure. Interestingly, further data analysis reveals a notable concentration of investor activity in the $65,000- $70,000 range. While this zone reflects both buying and selling activity rather than pure accumulation, it still represents a key area where a significant volume of coins last changed hands. Because this range sits below the current price, it is interpreted as a potential support floor and a good accumulation zone for smart money investors. Here is a snapshot of BTC supply distribution by price. At current price levels, 61% of BTC has been acquired below this level, while 39% was bought at higher prices. ︎ We can observe a clear cluster of investor activity between $65,000 and $70,000. I refer to activity… pic.twitter.com/gDMbEPTjUN — Darkfost (@Darkfost_Coc) April 11, 2026 On the upside, a similar cluster of activity has emerged between $90,000 and $95,000, which Darkfost expects could act as a formidable resistance level. This is because market participants who acquired Bitcoin at this price range are likely to exit their positions once prices return to their cost basis, thereby creating a barrier to further upward movement. However, Darkfost warns that not all activity clusters carry the same weight. The analyst considers the $85,000 region non-sequential from a technical standpoint, despite showing elevated transaction volume. This is largely due to the influence of exchange-related transfers, most notably a substantial transfer of nearly 800,000 BTC from Coinbase, which distorts the data and fails to reflect genuine investor sentiment or conviction. Bitcoin Price Pocket Lies Above $75,000 Another key insight from the supply map is the presence of a relatively low-activity zone, often referred to as an “air pocket,” above $75,000. In this range, Bitcoin has historically seen limited trading activity, implying fewer barriers to price movement. As a result, if Bitcoin enters this zone with sufficient momentum, it could either move through it rapidly or undergo a brief consolidation phase before continuing higher. At press time, the premier cryptocurrency trades at $71,535, up 6.45% over the last seven days.
Looking closer, market participants highlight key drivers such as liquidity flows, macro risk appetite, regulatory headlines, and on-chain activity. Short-term swings often reflect liquidation cascades and funding imbalances, while spot volumes and exchange inflows set the broader tone.
Analysis: The medium-term picture hinges on whether buyers can sustain momentum without excessive leverage. If flows continue favoring majors like BTC and ETH, altcoins could experience a staggered rotation instead of a broad-based rally. Meanwhile, policy clarity in key jurisdictions remains a decisive catalyst; clearer rules typically compress risk premia and attract institutional allocations. Beyond price action, on-chain metrics such as active addresses, fees, and stablecoin velocity help validate trend strength.
Outlook: Over the next few weeks, observers will watch price acceptance above recent resistance, derivatives positioning, and ETF-related flows. A constructive setup would feature rising spot demand, contained leverage, and improving breadth across sectors such as DeFi, infrastructure, and Layer-2 ecosystems.
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