<ul data-eligibleForWebStory="false"><li>Long-term holders of Bitcoin may need to see a fresh high around $140,000 to match past profits from earlier in the cycle, based on on-chain data analysis.</li><li>CryptoQuant's analysis using the Market Value to Realized Value (MVRV) ratio indicates that the average realized profit for long-term holders is currently around 220%, lower than the 300% to 350% gains seen in March and December 2024.</li><li>Recent trends show long-term investors selling as Bitcoin approaches new highs, with a significant number holding since the average cost basis is near $33,800, requiring a Bitcoin price of $140,000 to match previous profit levels.</li><li>Despite a super majority of Bitcoin investors being in profit, estimated at $2.5 trillion in unrealized profits, there are uncertainties around market demand and whether Bitcoin will reach the $140,000 'magnet-level' price.</li></ul>

Bitcoin Needs $140K To Match Peak Profits, On-Chain Data Shows

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