Bitcoin Surges 0.8% to $85,300 Amid Investor Uncertainty

Bitcoin's price has shown significant volatility over the weekend, surpassing the $85,000 mark on Saturday, April 19. This surge marks a notable single-day performance, following a relatively stable week for the leading cryptocurrency. Despite this recent gain, Bitcoin's price remains more than 21% below its all-time high, indicating a broader consolidation phase. Investors appear to be growing impatient with the cryptocurrency's stagnant performance.

On-chain analyst Darkfost recently revealed that several Bitcoin investors have resumed selling their assets at a loss. The key indicator here is the Bitcoin Daily Realized Profit Loss Ratio, which measures whether more investors are selling at a profit or a loss. This ratio is calculated by dividing the total realized profits by the total realized losses over a specific period. A value above 1 indicates that more investors are selling at a profit, while a value below 1 suggests that more investors are cutting their losses.

According to Darkfost, the Bitcoin Daily Realized Profit Loss Ratio has been above 1 for several weeks but recently fell below this threshold for the second time in 2025. This drop signals that the majority of investors are realizing their losses. Darkfost noted that while this does not indicate full-scale market capitulation, it suggests a phase of uncertainty and potential accumulation. The current structure of the metric is similar to what was observed in late 2024.

Darkfost cautioned that the current situation does not necessarily mean Bitcoin will follow the same trajectory as in 2024, when the ratio fell to this level and the price embarked on a rally above the $100,000 mark. The analyst also observed that whenever the ratio reached a +4 standard deviation from the 365-day moving average, a local market top formed, followed by a short-term correction during the bull phase. Given the high level of uncertainty in the crypto market, Darkfost concluded that the more likely outcome is a capitulation phase, where realized losses will continue to climb.

As of the latest update, the price of Bitcoin stands at around $85,300, reflecting a 0.8% increase in the past 24 hours. This price action on the daily timeframe suggests a cautious optimism among investors, despite the broader consolidation phase. The current market dynamics indicate a period of uncertainty, with investors closely monitoring the Bitcoin Daily Realized Profit Loss Ratio for further insights into market sentiment and potential price movements.