Bitcoin’s price slips, but here’s why the bulls aren’t backing down

By: ambcrypto|2025/05/06 22:45:01

The Bitcoin holders saw increased profit over the past six weeks. The idea that profit-taking might be ending came from the total supply held by short-term holders. Bitcoin [BTC] witnessed an increasing number of holders in profit, raising concerns that this may lead to profit-taking and another price depression. The weekly crypto asset flow showed BTC saw a $1.84 billion inflow. This had helped the crypto leader push toward $98k, but selling pressure has since taken over in the short term. The fears of further profit-taking might be unfounded. The metrics examined showed that the market was still in a bullish phase, and the drop from $98k to $93k was a normal pullback, just another bump in the road. Source: Glassnode The percentage supply in profit has risen over the past month as BTC recovered from $80k. However, it was only at 87% at press time, nowhere near the 95% value that tends to mark medium-to-long-term tops. Therefore, Bitcoin was still in a bullish phase and not under immediate threat from profit-taking activity. Other Bitcoin metrics agreed with the bullish outlook Source: Glassnode The Bitcoin NUPL measures the difference between relative unrealized profit and loss and was at 0.528 at press time. This outlined a bullish phase for the market. The market sentiment can be described as “belief” in a further rally, but it has not overextended yet. Source: Glassnode The Spent Output Profit Ratio (SOPR) has been rising recently, standing at 1.02 at press time. Values above 1 indicate a continuation of bullish market conditions, as it indicates holders selling for profits, which happens during bullish phases. Higher SOPR values alongside rising demand would reinforce the idea of a healthy Bitcoin market. Source: Glassnode The idea that profit-taking might be over came from the total supply held by short-term holders. This metric has been in a steady decline since early March. This was a sign that many of these STH holders were transitioning to long-term holders (LTHs) after holding BTC beyond the 155-day threshold. The downtrend in the metric outlined profit-taking activity, but over the past ten days, it did not form a new lower low. It could be another early sign, yet unconfirmed, that the corrective phase was ending. Overall, Bitcoin showed signs of bullishness. Although this does not guarantee an immediate rally, the market was not overextended, and profit-taking activity could be slowing down. Share Share Tweet

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins