Bitcoin LTH Average Profits Hit 215% – Major Sell-Off Around The Corner?
2025-07-09 21:21:24
Main Idea
Bitcoin's price is consolidating in a tight range with potential for a breakout, while long-term holders are currently at a 215% unrealized profit, historically signaling future sell-offs if profits exceed 300%.
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.
Description
Bitcoin has traded within a narrow range between $107,500 and $109,600 since last Friday, with volatility drying up as bulls and bears battle for control. This kind of price compression typically precedes a significant move, and traders are closely watching for the breakout. Some analysts believe Bitcoin is preparing to push above its all-time high near $112,000, fueled by strong fundamentals and persistent demand. Others, however, remain cautious and expect more consolidation before a clear tre...
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