# Bitcoin (BTC) Estimate Finds Under 45% of Active Supply in Profit

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/57280
Published: 2026-11-14T08:31:29.000Z
Updated: 2026-11-14T08:31:29.000Z
Section: Investing

> The calculation excludes coins that have not moved in more than 10 years, most of which are considered illiquid. Readings below 40% have often coincided with pullback lows.

Analyst Darkfost's estimate puts less than 45% of Bitcoin (BTC) supply in profit after excluding coins that have not moved in more than 10 years. That leaves a larger share of the adjusted supply at a loss than at a profit.

Most coins unmoved for more than a decade are treated as illiquid, so the estimate focuses on the remaining supply.

Darkfost's analysis associates readings below 40% with lows during market pullbacks. It also points to greater reversal risk when the share approaches 100%.