Bitcoin Surges as All Holders See Profits
Key Takeaways
- Bitcoin has entered a rare on-chain phase: all UTXO age bands are currently in profit.
- The price surge above USD 98,138 marks a turning point in market confidence.
- Large investors are becoming more active – exchange inflows are rising significantly.
- Technical patterns suggest a potential continuation toward USD 120,000.
- On-chain data and network activity support the current upward trend.
All Bitcoin Holders in Profit – What Does It Mean?
Bitcoin has entered a rare phase: every holder – regardless of when they bought – is currently in profit. This has been made possible by the price rising above the USD 98,138 mark. Particularly noteworthy is that even positions in the 3 to 6-month age band are now in the green. This indicates strong and broadly supported market confidence.
Large Investors Becoming Active – Preparing for a Move?
The Exchange Netflow Ratio – an indicator of the difference between deposits and withdrawals on exchanges – has increased by 69% over the past seven days. This suggests that so-called “whales” (large investors) are either realizing profits or positioning themselves for a further price increase. Such activity often occurs near key resistance zones and can be a precursor to significant price movements.
Transaction Volume Growing – Market Breadth Expanding
Transaction volume also paints a clear picture: transfers in the USD 10,000 to 100,000 range rose by 25.85%, while transactions between USD 1 million and 10 million increased by 26.18%. This indicates growing activity among both retail and institutional investors. Such market breadth strengthens the stability of the trend.
More Users, More Demand – Network Is Growing
The number of active addresses rose by 8.79% over the past week, while new addresses increased by 8.13%. This shows that fresh capital is flowing into the market. Historically, such an increase is often an early indicator of sustained upward movements. New users create organic demand – a healthy sign for the market.
Valuation Metrics Confirm Uptrend
Two key on-chain metrics confirm the bullish trend: the stock-to-flow ratio, which measures the relationship between existing supply and new production, rose by 75% following the last halving. At the same time, the NVM ratio – a measure of network valuation – increased by 19.01%. Both indicators point to a combination of scarcity and growing usage.
Technical Pattern with Potential – Is Bitcoin About to Break Out?
Bitcoin is currently forming a so-called “cup-and-handle” pattern – a classic technical formation with a bullish character. The key resistance lies around USD 108,000. A breakout above this level could pave the way toward USD 120,000. Structure, volume, and on-chain data suggest such a breakout is possible. The coming days will be crucial.
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Our Assessment
The current situation with Bitcoin is remarkably stable from an on-chain data perspective. All holders are in profit, the network is growing, and large investors are showing increased activity. Technically, the price is on the verge of a potential breakout from an established formation. If the USD 108,000 level is convincingly breached, a rise to USD 120,000 is realistic. However, resistance levels should not be underestimated. Those who are invested or looking to enter should watch the coming days closely.
Sources
- IntoTheBlock
- TradingView
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | 103940 |
| 24h % | 0.42 % |
| 7d % | 8.02 % |
| 30d % | 27.23 % |
| 60d % | 29.23 % |
| 1y % | 64.81 % |
| Market Cap | $2,064,558,758,474.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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