Bitcoin investors are closely tracking the crucial $115,891 price level amid signs of sustained bullish sentiment despite recent market fluctuations. Current on-chain metrics reveal over 91% of BTC holders remain ‘In The Money,’ collectively holding approximately 18.26 million BTC valued at $2.08 trillion.
The digital asset faces a pivotal resistance barrier at $115,891. Technical analysts suggest a decisive break above this level could catalyze significant upward momentum toward the $150,000 psychological threshold. Market observers note that 7.06% of holders remain ‘Out Of The Money,’ holding 1.41 million BTC worth $159.83 billion – a potential source of selling pressure.
Despite widespread profitability among holders, trading volume has declined by 21.79% to $67.56 billion, signaling cautious investor behavior amid ongoing volatility. Market participants are advised to monitor Bitcoin’s ability to overcome the identified resistance zone as a key indicator of near-term price direction.