Following its recent retracement to the $112,000 level after achieving a record high of $123,100, the Bitcoin market appears to be stabilizing in a relatively balanced position.
Market analysis reveals a significant level of resilience among short-term holders (STH), those holding BTC for less than 155 days. Approximately 70% of these STH wallets currently hold Bitcoin at a profit, a key indicator interpreted as market strength.
Supporting this stability, data shows that profit-taking activity by short-term holders has decreased sharply. The current level stands at 45%, recorded as moderately low and notably below the neutral threshold. This suggests reduced selling pressure from this cohort.
Despite the recent price consolidation, analysts maintain a robust long-term outlook. Projections suggest Bitcoin has the potential to reach as high as $250,000 by the conclusion of 2025. Drivers cited include increasing adoption and a sustained positive market sentiment.
The combination of STH profit levels, diminished selling activity, and price consolidation align with technical metrics observed during prior bull market phases, reinforcing the assessment of current market equilibrium.