Bitcoin has almost reached $100K, but traders usually trade in round numbers to be safe. From $73K to $99.8K, it is up 57%, one of the biggest rallies coming out of the consolidation.

The Choppiness Index shows that Bitcoin needs several weeks of consolidation. According to the 2020 cycle, after the first wear on November 21, a new rally began on December 15. This may happen again in the second half of December.

Analysis of LTH's behavior indicates a 350% profit distribution area where 575K Bitcoins ($58B) returned to the market. Demand remains strong thanks to ETFs and MicroStrategy.

Short holders are responsible for 30.2% of the gains, and the MVRV above 1.33σ suggests an area of ​​large unrealized gains similar to the end of 2020.