Bitcoin Nears $120K Amid Stable Market Indicators Suggesting Potential for Further Gains

2025-07-11 18:11:02

Main Idea

Bitcoin's price rally to nearly $120,000 is supported by stable market indicators like SOPR and funding rates, suggesting sustained momentum without significant profit-taking by short-term holders.

Key Points

1. Bitcoin's price surge to nearly $120,000 has not triggered significant profit-taking among short-term holders, as indicated by the Spent Output Profit Ratio (SOPR) remaining below momentum.

2. Derivatives market data shows funding rates near neutral levels, indicating controlled bullish sentiment and supporting a stable price trajectory.

3. Market analysts note that Bitcoin's current structure shows no signs of overheating, with stable SOPR readings and moderate participation.

4. CryptoQuant highlights that short-term holders have yet to realize substantial profits, reinforcing a positive outlook for Bitcoin's price movement.

5. Investors are advised to monitor SOPR and funding rates as key indicators of market sentiment and potential future price movements.

Description

Bitcoin has surged past $118,000, yet key market indicators like SOPR and funding rates reveal a balanced and sustainable rally without signs of overheating. Short-term holders are holding steady, refraining

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