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Bitcoin rebounds as 69% of its supply returns to profit after price jumps near $80,000.

Market News
28 Aug 2026
Cointribune
View Source
Bullish
pluang ai news

Bitcoin's price surged from about $62,000 to nearly $80,000 in one week, pushing 69% of its circulating supply into profit according to CryptoQuant. This rebound repaired some losses but about $617 billion of capital remains underwater, indicating many investors who bought at higher prices have yet to recover. Long-term holders, who acquired Bitcoin at much lower prices, contribute to the high profit percentage, but the market is not fully healed. Analysts suggest Bitcoin needs to surpass $83,000 to confirm a sustained bull market.

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