Bitcoin, Short-Term Investors Turn 100% Profitable...The Last Signal for a $100,000 Breakout?

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Bitcoin (BTC) has entered a profit zone by surpassing the average purchase price of short-term investors, boosting the overall upward momentum of the market.

According to crypto media outlet Bitcoinist on April 24 (local time), reporter Jake Simmons reported that the recent surge in Bitcoin's price has exceeded the average purchase price of short-term holders. Glassnode on-chain data shows that these investors have started to make profits again. Market selling pressure is rapidly decreasing. Investor sentiment is turning optimistic, and expectations for further gains are growing.

Short-term holders refer to investors who have held Bitcoin for less than 155 days. Currently, their average purchase price is around $64,000. As Bitcoin's price broke through $77,000, the Market Value to Realized Value (MVRV), a profit indicator, exceeded 1. Simmons analyzed that short-term investors no longer have a reason to sell their holdings. A holding strategy aimed at maximizing profits is dominating the market.

Santiment's indicators also send positive signals. The recent price recovery has quickly revived individual investor sentiment. The longer short-term holders remain in the profit zone, the stronger the price rigidity against downward movements becomes. Combined with the inflow of institutional funds, a strong support line is forming. Funds flowing into Bitcoin spot ETFs are enriching market liquidity.

Market experts evaluate this entry into the profit zone as a sign of a renewed bull market. In past cases, the profit turnaround of short-term holders was a precursor to a large-scale rally. A virtuous cycle occurs where selling volume is locked in and new demand flows in. Open interest also remains at an appropriate level, supporting market health. Despite short-term volatility, the long-term upward trend has become even clearer.

The Bitcoin ecosystem is showing buy signals from both technical analysis and on-chain data. With the selling pressure from short-term holders alleviated, the pace of price increases is expected to accelerate. Consecutive breakthroughs of major resistance levels will lead to attempts to enter a new price discovery phase. Market participants are preparing strategies, focusing on whether Bitcoin will break its historical high.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*