Bitcoin LTH Average Profits Hit 215% – Major Sell-Off Around The Corner?

Key Points

1. Bitcoin has been trading between $107,500 and $109,600, with analysts divided on whether it will break above its all-time high near $112,000 or face more volatility.

2. Long-term holders (LTHs) currently have an average unrealized profit of 215%, with historical trends suggesting sell-offs begin when profits exceed 300%.

3. BTC's price is hovering above major moving averages, indicating bullish support, but volume remains low, signaling uncertainty among traders.

4. A breakout above $109,300 with volume confirmation could push Bitcoin toward $112,000, while failure to hold support may lead to a retest of $103,600.

5. The Bollinger Bands signal low volatility, and the longer BTC remains in this range, the more intense the eventual breakout could be.