According to market analyst Darkfost, Bitcoin’s price-based supply distribution reveals critical zones that could determine the asset’s short-term trajectory. The latest major supply chain data provides a clearer picture of where the market may be heading following the positive price action seen in early April.

61% profits from BTC supply despite bear season

In Post X On April 11, Darkfost shares insight into Bitcoin’s price structure based on its supply distribution pattern. At current prices, the renowned expert reports that approximately 61% of Bitcoin’s circulating supply has been purchased below the spot price, leaving 39% purchased at higher levels. This arrangement suggests that most market participants are maintaining profits, a condition often associated with a more constructive market structure.

Interestingly, further analysis of the data reveals a clear concentration of investor activity in the $65,000-70,000 range. While this zone reflects both buying and selling activity rather than pure accumulation, it is still a key area where a significant amount of coins have changed hands recently. Since this range is below the current price, it is interpreted as a potential lower support level and a good accumulation zone for intelligent financial investors.

Here is a snapshot of the BTC supply distribution by price.

At current price levels, 61% of BTC was purchased below this level, while 39% was purchased at higher prices.

︎ We observe a clear concentration of investor activity in the range of $65,000 to $70,000. I mean activity… pic.twitter.com/gDMbEPTjUN

— Darkfost (@Darkfost_Coc) April 11, 2026

On the other hand, there has been a similar cluster of activity in the $90,000 to $95,000 range, which Darkfost believes could be a formidable resistance level. This is because market participants who purchased Bitcoin at this price range are likely to exit their positions when prices return to the cost base, thus creating a barrier to further upward movement.

However, Darkfost warns that not all activity clusters are given the same weight. The analyst believes that the $85,000 region is technically non-sequential despite the increased transaction volume. This is largely due to the impact of exchange-related transfers, particularly a significant transfer of almost 800,000 BTC from Coinbase, which skews the data and does not reflect true investor sentiment or beliefs.

Bitcoin’s pocket price is over $75,000

Another key takeaway from the supply map is the presence of a zone of relatively low activity, often referred to as “air pockets,” above $75,000. In this regard, Bitcoin has historically seen restricted trading activity, which means fewer barriers to price movement. As a result, if Bitcoin enters this zone with enough momentum, it can either move through it quickly or undergo a miniature consolidation phase before moving further higher. At the time of publication, the largest cryptocurrency is trading at $71,535, up 6.45% over the past seven days.