**Bitcoin's Bull Market: A Deep Dive into Current Trends 🚀**

- Bitcoin's price has soared above $100k, marking a new ATH in realized profits at $2.1B. Long-Term Holders are capitalizing on this surge, selling coins aged 6-12 months, while older coins remain largely untouched.

- Despite significant sell-side pressure, demand remains robust, with new investors holding a larger share of network wealth. This shift indicates a healthy demand profile, typical of late-stage bull markets.

- Interestingly, market drawdowns are less severe, with the deepest at -32%, reflecting strong demand from spot ETFs and institutional interest. 📈

- The AVIV Ratio suggests potential for further growth, as the market hasn't reached its peak profitability pressure.