Bitcoin has surged past $100,000, sparking a wave of profit-taking among long-term holders, whose supply has dipped from $14.23 billion to $13.31 billion. This shift suggests seasoned investors are cashing in on record profits. Meanwhile, short-term holders are stepping up, absorbing the sell-off and maintaining Bitcoin's momentum. Analysts suggest the market hasn't hit euphoric highs yet, indicating potential for further growth. Bitfinex predicts a mild correction, with Bitcoin possibly reaching $145,000 by mid-2025. Speculation also swirls about a potential U.S. Bitcoin reserve under the Trump administration.