Bitcoin Profitability Nears 2022 Lows as BTC Price Slumps Below $82K: Analyst

Bitcoin’s long-term profitability indicator has fallen close to levels last seen in November 2022, when BTC traded near $16,000, even as the cryptocurrency remains near $82,000 in October 2026. On-chain data points to a sharp gap between today’s price and investors’ profit conditions, while newer large holders have a much thinner cushion than Binance deposit addresses. In an October 22 update, on-chain analyst Amr Taha reported that Bitcoin’s 365-day UTXO Block Profit/Loss Count Ratio average had dropped to 13.6, just 14.1% above its November 21, 2022 reading of 11.92.