Bitcoin profits are still less than 2024 peaks

Main points:

• Bitcoin has launched that the profits for long -term holders remain relatively less than 2024.

• Research is calculated to match those levels, BTC/USD needs to reach $ 140,000.

• Try to make the price out of the multi -procedure, with a continuation of uniformity.

Bitcoin (BTCIt should reach $ 140,000 before investors enjoy the type of profits that were seen earlier in the bull market.

New search From the Onchain Analytics platform, Cryptoquant says that the $ 140,000 sign is a major price point for long -term Bitcoin holders (LTHS).

Cryptoquant: “Many people call” $ 140,000 BTC

Bitcoin has seen an increase in profits in recent weeks, with the price reaches the highest level ever, but it is struggling to maintain it.

In particular, investors LTH – BTC hunting entities and non -sale for at least six months contributed – The lion’s share of selling pressure.

The comparison of the current achieved profits with the previous market peaks shows that LTHS is not deep in “black” as before.

To do this, Cryptoquant benefited from the market value to the achieved value scale (MVRV), which compares the value of the coins traded to the price to which the last time has moved.

Darkfost wrote the shareholder in one of the “Quicktake” blog publications.

Darkfost argued that although the number “may look high for BTC”, March and 2024 December witnessed “the average profits achieved between LTH about 300 % and 350 %, respectively.”

The basis of the total cost, known as the achieved price, for LTHS is about $ 33,800.

In conclusion, Darkfost argued that the price that matches unrealized LTH profits that match 2024 levels is a form of market magnets.

“Although these profits may seem great, we are still far from the levels that were observed during the summits of this session,” and concluded to say.

“To return to these profit levels, BTC will need to reach $ 140,000. The price level that many call.”

Bitcoin Bull continues

like Cointelegraph mentionedThe “Great majority” of bitcoin investors sit on unrealized profits of $ 2.5 trillion.

Related to: Bitcoin due to the copies

At the same time, the market participants remain confident that the market can Pressure absorption In what has become the stage of unifying new BTC prices.

“The following technical step is to re -test post -half -run books In part of the X recently, it examines the weekly BTC/USD performance.

Rekt Capital explained that Bitcoin was in the process of leaving a multi -week landing direction that has been going on since mid -May.

This week, he expected the market to have a bull I left only several months Before reaching the top of the bombing and changing the direction.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.