Bitcoin: 99.4% of Supply in Profit as Short-Term Holders Target $133,000 — CryptoQuant’s Axel

According to CryptoQuant data shared by analyst Axel and reported by COINOTAG News on October 7, on-chain metrics indicate roughly 99.4% of the Bitcoin supply is presently in a profitable position, reflecting widespread realized profit across holders. This concentration of gains, coupled with resilient trading volumes, underpins a positive near-term backdrop for price dynamics while remaining consistent with measured risk management. Short-term holders (STHs) have an implied price reference near $133,000, a level derived from current behavioral indicators rather than a forecast. Overall market sentiment appears optimistic, but prudent portfolio diversification and adherence to position-sizing rules remain fundamental for investors interpreting these on-chain signals.