Bitcoin Near ATH, But Long-Term Holders Aren’t Selling – More Upside Ahead?
Long-term Bitcoin holders (LTHs) are not selling their holdings despite Bitcoin (BTC) trading near its all-time high (ATH). Accumulation by LTHs indicates confidence in future price increases. Profit-taking among LTHs remains low, contrasting with historical trends where profit realization spikes near ATHs. The LTH Spent Output Profit Ratio (SOPR) is declining even as BTC approaches a new ATH around $109,000. Current consolidation appears driven by short-term holders (STHs) and retail traders, who react quickly to price changes. Analysts predict a resumption of bullish trends, potentially leading BTC to new highs in the mid-term. BTC whales are also holding back on profit-taking, reflecting a long-term investment strategy. Comparisons are drawn between Bitcoin and gold, with forecasts suggesting BTC could reach $155,000 in 2025, following gold's recent price surge. At present, BTC trades at $101,852, down 1.5% in the last 24 hours.
