Bitcoin Nears $118K Amid Long-Term Holder Gains and Potential Regulatory Support
2025-07-12 10:43:08

Main Idea
Bitcoin's price nears $118K, supported by resilient long-term holders and potential regulatory developments, with indicators suggesting further upside potential.
Key Points
1. Bitcoin's Long-Term Holder Net Unrealized Profit and Loss (NUPL) metric is at 0.69, below the historical euphoria threshold of 0.75, indicating potential for further price appreciation.
2. Despite price fluctuations between $60,000 and below $50,000 since August 2024, long-term holders have remained resilient, supporting Bitcoin's recovery.
3. Institutional adoption and market maturation are enhancing Bitcoin's price stability and market depth.
4. Regulatory developments like the CLARITY Act and GENIUS Stablecoin Act could foster growth, potentially driving Bitcoin prices toward $250,000 in the next two years.
5. The current cycle shows Bitcoin's ascent past $118,000, with NUPL metrics suggesting profit-taking is not yet at peak levels.
Description
Bitcoin’s recent surge past $118,000 highlights a robust market driven by long-term holder confidence and evolving regulatory frameworks. Despite reaching new all-time highs, Bitcoin’s Long-Term Holder Net Unrealized Profit and
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