Bitcoin is close to hitting the $100K mark, but traders often choose round numbers to exit safe positions. From $73K to $99,800K, Bitcoin has increased by 57%, making it one of the 6 strongest rallies from the accumulation zone.

The Choppiness Index shows that Bitcoin needs a few weeks of accumulation before reaching $100K. Based on the 2020 cycle, after exiting accumulation, Bitcoin corrected by 18% in 3 weeks and 2 days and began to rise again in mid-December.

LTH behavior analysis indicates that the current zone is a distribution zone with a 350% profit, about 575K Bitcoin ($58B) has returned to the market. Demand remains high thanks to inflows into ETFs and institutions like MicroStrategy.

Short-term holders account for 30.2% of profits. MVRV above 1.33σ indicates significant unrealized profits, similar to the end of 2020.