Compass Investments

– Bitcoin USD marks 17 years since Satoshi Nakamoto launched it as a decentralized digital payment system in 2009.

analysis of onchain data indicates that the asset is in a market transition phase, with volume in profit at around 69% .

One of the first Ethereum investors moved significant funds into ETH and then converted them into bitcoin.

Today marks 17 years since Satoshi Nakamoto launched Bitcoin USD. The network has transformed online transfers by eliminating the need for bank intermediaries. Market data analysis indicates a possible cycle shift, with large holders and early Ethereum investors reallocating assets in favor of BTC.

Bitcoin was launched on January 3, 2009 by a user with the pseudonym Satoshi Nakamoto. The project introduced a bankless digital payment system, allowing users to transfer funds through peer-to-peer networks.

It is important to note that all transactions were recorded in a publicly accessible registry called a blockchain. The first blockchain, known as the genesis block, was the beginning of the network, proving that digital money could function without a central controlling authority.

The system was based on open source software and network consensus, minimizing the need for trust between participants. Bitcoin attracted developers and crypto-enthusiasts in its early stages, but its use and cost were low.

Over time, awareness grew as more users adopted the network. Exchanges appeared, and trading activity began to pick up. Seventeen years later, Bitcoin USD remains the leading digital asset by market capitalization.

Its value hovers around $89,730, with a total market value approaching $1.79 trillion. There are 19.97 million coins in circulation, with a maximum supply of 21 million. The anniversary coincides with a period of market correction, when investors are keeping a close eye on price patterns and network indicators.

Beyond Satoshi Nakamoto’s original goals, many are analyzing the role of this asset in long-term investment portfolios. The original idea of creating open digital money still forms the framework of the discussion.

A recent analysis of the Bitcoin USD price has focused on the Supply in Profit metric. This metric tracks the proportion of total supply held at a profit, which helps to understand market cycles.

In past cycles, values above 80% have often correlated with strong bullish trends. Values in the 55% -80% range were usually seen during transitional phases. Experts have recorded levels of 55% and below near market lows.

The current value is 68.85% and has been declining since October 2025. A prolonged decline over several months indicates pressure rather than a short-term fluctuation.

market participants emphasize the importance of staying within this range for a long time. A prolonged hold near 70% may indicate a deeper decline. A return above 75% may signal a new round of growth. External factors also play a role; persistent geopolitical risks affect overall investor activity.

part of the capital may flow into more conservative assets. At such times, risky instruments, including bitcoin, may experience a decrease in demand. Observers prefer to describe the current stage as a phase of caution, avoiding categorical forecasts. Transition periods emphasize discipline in portfolio management and risk control.

Some of the major transactions that have sparked interest in market discussions are noteworthy. Blockchain tracking service Lookonchain recorded activity from one of Ethereum’s longtime holders. At 0x4553, Ethereum was being accumulated between 2019 and 2023.