Bitcoin price ‘breather’ expected as short-term traders realize $11.6B in profit
Bitcoin (BTC) reached a new all-time high of $111,800 but may experience a slowdown in bullish momentum due to significant profit-taking by short-term holders (STHs), who realized $11.6 billion in profits over the last 30 days. The STH Realized Profit/Loss Ratio has increased, indicating profits outweigh losses. This level of profit-taking is common during bullish trends and may precede local market tops, creating overhead supply resistance. Bitcoin's 30-day price momentum has slowed by 38%, suggesting a technical cooldown. Retail sentiment is at a 90-day low, with only 31.59% of retail accounts holding long positions. Bitcoin's open interest dropped by $1.2 billion after falling below $110,000, triggered by global market uncertainty following a tariff announcement by US President Donald Trump. Despite the sell-off, Bitcoin rebounded above $109,000, with traders viewing potential corrections as buying opportunities.
