Analyst: Bitcoin tests $54,000 support, with over 40% of the supply in loss indicating a macro bottom.

CoinNetwork · 2026-04-01T23:15:24+00:00

CoinWorld reports that Bitcoin is testing the $54,100 support level, a level that has historically served as a bull market support multiple times over the years. Currently, the profit supply of Bitcoin has dropped to 56.9%, while the loss supply has risen to 43%, indicating that market speculation bubbles have deflated. This may suggest that the market correction is nearing its end, and a loss supply of over 40% typically signals an opportunity for trend reversal.

CoinNetwork

2026-04-01 23:15:24

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CoinWang news: CryptoQuant author Woominkyu posted that Bitcoin is currently testing the actual price support level at $54,100. Historical data shows that this level has formed the ultimate macro support for bull markets in 2019, 2020, and 2023. On-chain data indicates that the current Bitcoin profitable supply has sharply fallen to 56.9%, suggesting that the speculative bubble has largely cleared; at the same time, the losing supply has surged to 43%, meaning that nearly half of the circulating chips are currently underwater. The analysis suggests that the extreme divergence between profitable and losing supply indicators, along with the testing of a key support level, together form a “maximum pain” scenario. The convergence of these indicators often signals that the market correction is nearing its end. Bitcoin is currently in a high-confidence value range; more than 40% of losing supply is often a classic prelude to the establishment of a macro bottom and a major trend reversal.

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