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Bitcoin LTH Average Profits Hit 215% – Major Sell-Off Around The Corner?

  • Bitcoin is currently trading in a tight range between $107,500 and $109,600, with volatility decreasing as traders anticipate a significant move.
  • Analysts are divided on whether Bitcoin will break its all-time high near $112,000, with some predicting it will surge fueled by strong fundamentals, while others expect more consolidation.
  • Long-term holders (LTHs) are currently holding an average unrealized profit of 215% above their cost basis, which historically triggers these holders to gradually sell when profits exceed 300%.
  • The market awaits a breakout or breakdown as Bitcoin's resilience above $107,000 attracts bullish attention, with key technical levels indicating potential upside if resistance is breached.

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