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Bitcoin momentum weakens as profitable supply share dips and key indicator hits zero

Technical Signals
30 Sep 2026
Tokenpost
View Source
Neutral
Bitcoin momentum weakens as profitable supply share dips and key indicator hits zero

Bitcoin's market momentum has weakened as the share of supply held at a profit dropped to about 72%, down from a recent peak of 73.8% and below its long-term average of 76%. This decline occurred while Bitcoin's price hovered around $83,000 on September 29. The Bitcoin Impulse Performance indicator's fast and slow lines both reached zero between September 29 and 30, signaling a temporary loss of upward momentum. Although this does not confirm a trend reversal, a further drop below zero combined with a decrease in profitable supply could indicate increasing market weakness ahead.

Bitcoin's recent momentum shift is the subject, with Pluang's market data providing context. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 30, 2026 13:41 WIB: among 50 priced major cryptocurrencies, 21 rose and 28 fell today. Notable movers include BAL (Balancer) at Rp16.297 with a 1-day change of +11.14% and a typical hold time of 85 days, EOS (EOS.IO) at Rp12.649 with +8.13% change and 87 days hold time, and ALGO (Algorand) at Rp2.207 with a -7.96% change, typical hold time of 129 days, and Pluang order activity split of 47% Sell / 53% Buy.

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