Why Bitcoin’s ATH isn’t forcing traders to sell – KEY data suggests…

Key Points

1. Bitcoin has surged to a new all-time high of $118,856, yet short-term holders (STHs) are not taking profits, remaining roughly 18% in profit.

2. The Spent Output Profit Ratio (SOPR) and low funding rates suggest market calm and a lack of FOMO (fear of missing out) among traders.

3. A Fair Value Gap (FVG) between $115,222 and $111,980 could act as a retest zone or a launchpad for further price increases if selling pressure remains low.

4. Bitcoin's supply on exchanges continues to decline, with long-term holders (LTHs) accumulating faster than miner issuance, indicating a potential supply squeeze.

5. Historical trends and current market behavior suggest that Bitcoin's price could continue to rise if current conditions persist.