<ul data-eligibleForWebStory="false"><li>Bitcoin is trading just below its all-time high of $112,000, with both bulls and bears struggling for control in a tight range.</li><li>Analysts are cautiously optimistic on BTC's outlook, citing improving macroeconomic conditions and risk-on sentiment from traditional markets.</li><li>The Unrealized Profit/Loss Ratio for Bitcoin holders is currently at 80%, suggesting room for further upside before potential profit-taking pressure intensifies.</li><li>BTC is nearing a breakout into price discovery, showing strength as it approaches the all-time high resistance level, with technical indicators and on-chain data supporting a bullish outlook.</li></ul>

Bitcoin Unrealized Profit Ratio Reaches 80% – Still Far From Distribution Levels

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