Bitcoin Supply in Profit Compresses to 13.5M BTC as SMA 30/90 Bullish Cross Window Opens for Feb–Mar 2026

After the pullback from October's highs, Bitcoin is trading in the $87–90K band while Supply in Profit has contracted to 13.5M BTC. According to the analysis, the gap between the 30-day and 90-day moving averages of this metric is shrinking by about 28K BTC per day, opening room for a bullish crossover between late February and early March 2026 if price stays above $75–80K. A drop toward or below $70K could instead recreate a 2022-style bearish configuration and delay recovery for up to a year.