Bitcoin long-term holders (LTHs) may need to wait for the price to reach $140,000 to recapture peak profit margins seen in previous bull cycles.
The current average realized profit of LTHs stands at around 220%, lower than the 300–350% levels observed in March and December 2024.
Selling pressure from long-term holders, who have not sold for six months or more, has impacted profit-taking despite BTC trading above $107,000.
Rekt Capital highlights an ongoing breakout attempt for Bitcoin and optimism remains high, with Bernstein analysts forecasting a price target of $135,000 by Q3 2025.