Bitcoin Jumps 98% In Crucial Onchain Metric, Road to $120,000?
2025-07-03 16:51:23
Main Idea
Bitcoin has seen a 98% increase in profitable holders, with 98.9% of addresses currently 'In The Money,' signaling strong bullish sentiment as the price nears its all-time high.
Key Points
1. 98.9% of Bitcoin holders are currently 'In The Money,' representing 9.69 million BTC valued at $2.17 trillion.
2. Bitcoin's price is less than 2% away from surpassing its all-time high of $111,970.17, trading at $109,885.92 at press time.
3. Trading volume has increased by 30.62%, indicating active investor participation.
4. A breakout above $112,000 could set a new all-time high near $120,000, but volatility remains a key challenge.
5. Failure to break resistance at $112,000 could trigger a correction, potentially dropping the price to $105,000.
Description
Bitcoin price return to $109,000 has pushed over 19.6 million addresses into profit
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