Bitcoin STH NUPL Shows No Sign Of Overheating: $137K Could Trigger Mass Selling

Description

Bitcoin is trading just under the $120,000 level after reaching a new all-time high of $123,200 on Monday. The slight pullback is viewed by many investors as healthy consolidation above key demand zones, rather than a signal of weakness. Bullish momentum remains intact, with strong technical structure supporting expectations of a continued rally in the near term. On-chain data from CryptoQuant adds confidence to the bullish outlook. As of July 17, 2025, the Short-Term Holder Net Unrealized Profi...