Bitcoin Price Surges 6.08% Amidst Concerns Over Short-Term Holder Profitability
Bitcoin’s Resilience in 2025
Bitcoin (BTC) has demonstrated remarkable resilience since the start of 2025, reclaiming the $99,000 level. Over this period, the cryptocurrency has surged from $92,768 to $99,857, showcasing its potential for long-term growth.
Whales Accumulate Bitcoin
Despite the recent price upsurge, analysts have expressed concerns over Bitcoin’s current market conditions. CryptoQuant analysts have suggested a potential correction, citing declining profitability among short-term holders. According to analyst Crazzy Block, the profitability margin for short-term holders (STHs) has declined significantly, signaling weakening market demand and rising bearish sentiment.
Impact on BTC Charts
While short-term holder profitability has reduced, the market seems positioned for more gains in the short term. Other market indicators suggest that bulls are attempting to drive prices up, making a huge market correction unlikely in the short term.
Bullish Sentiment Persists
Several indicators support the notion of a strong market:
* Taker Buy-Sell Ratio: Bitcoin’s Taker buy-sell ratio has surged over the past 48 hours to reach 1.121, indicating aggressive buying activities and bullish sentiment. * Funding Rate: The Funding Rate has risen from 0.0084 to 0.0124, showing that more traders are bullish and opening long positions, reflecting market confidence. * Exchange Supply Ratio: The Exchange supply ratio has declined to a yearly low, implying that investors are accumulating BTC by transferring to private wallets, expecting prices to rise further.
Conclusion
In conclusion, while declining profitability among short-term holders may signal a potential correction, the market still appears strong, especially in the short term. With bullish sentiments prevailing and buyers regaining control, Bitcoin may reclaim the $100,000 level and surge to $102,777. However, if a correction occurs, the price may drop to $95,000.
Source: Ambcrypto.com
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