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

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

According to cryptocurrency media outlet Bitcoinist on April 24 (local time), reporter Jake Simmons stated that the recent surge in Bitcoin's price has pushed it above 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 has turned optimistic, increasing expectations for further gains.

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 driving the market.

Santiment's metrics also send positive signals. The recent price recovery has quickly revived investor sentiment among retail investors. The longer short-term holders remain in profit, the stronger the price's downward rigidity becomes. Coupled with institutional capital inflow, a strong support level is forming. Funds flowing into Bitcoin spot ETFs are enriching market liquidity.

Market experts evaluate this entry into the profit zone as a signal for the resumption of a bull market. In past cases, the profit turnaround for short-term holders was a precursor to a large-scale rally. A virtuous cycle of selling pressure diminishing and new demand flowing in is occurring. 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 selling pressure from short-term holders alleviated, the pace of price increase is expected to accelerate. Major resistance breakthroughs are continuing, attempting to enter a new price discovery phase. Market participants are preparing strategies, focusing on whether Bitcoin will break its historical all-time high.

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