When Will Bitcoin’s Price Reach its Top This Cycle? Analysts Give Key Insights
2025-07-02 17:28:42
Main Idea
Bitcoin is trading close to its all-time highs with significant unrealized profits for long-term holders, but the market has not yet reached peak profit extremes, with expectations of a slower third quarter in 2025.
Key Points
1. BTC is trading slightly over 4% from its all-time highs, with long-term holders' average unrealized profit at around 220%.
2. The realized price for long-term holders is $39,000, indicating strength but not yet peak profit extremes.
3. Bitcoin would need to climb toward $140,000 to match previous cycle tops, a level many anticipate.
4. Market participants are preparing for a historically slow third quarter in 2025, with reduced liquidity for BTC and ETH.
5. Bitfinex experts expect the bull run to continue but anticipate a slower Q3, with the market currently in neutral territory.
Description
Long-term Bitcoin holders are seeing their unrealized profits decline even as BTC trades a little over 4% from its all-time highs. According to on-chain data shared by CryptoQuant, the average unrealized profit for long-term holders, based on the MVRV ratio, is around 220%. The figure is notable but lower than the 300% and 350% levels seen during the March and December 2024 market peaks. LTH Profits Slide The realized price for long-term holders now stands at $39,000, which means that significan...
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