Bitcoin LTH Unrealized Profits Decline – Data Shows Cycle Still Has Room To Run
2025-07-02 02:03:35
Main Idea
Bitcoin's market dynamics show declining unrealized profits for long-term holders, with potential for further price movement depending on key resistance levels.
Key Points
1. Bitcoin long-term holders (LTH) unrealized profits are declining, nearing levels last seen during the October 2024 correction.
2. BTC is trading in a tight range between $103,600 and $109,300, with $109,300 acting as a key resistance level.
3. The realized price for LTHs is around $39,000, indicating solid profits but no market euphoria.
4. A breakout above $112,000 could signal the next upward leg for Bitcoin, while failure may lead to a retracement toward $100,000.
5. Volume remains relatively low, reflecting market consolidation and cautious sentiment.
Description
Bitcoin is confronting a pivotal moment after failing to break the crucial $110,000 level. Despite bullish control over the market, BTC finds itself trapped in a period of cautious consolidation. Bulls are actively defending support levels, yet an aggressive push into new territory—often referred to as price discovery—remains elusive. Investors and analysts are now closely watching for a catalyst that could ignite the next phase of upward momentum. Top analyst Darkfost recently highlighted a con...
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