Analyst: 99.4% of Bitcoin Holders Are in a State of Profit, ATH Price Target at $133,000

BlockBeats News, October 7th, CryptoQuant analyst Axel posted on social media, stating that currently 99.4% of the Bitcoin supply is in a profitable state. Almost all holders are currently at a realized profit, and market sentiment remains highly optimistic.

A useful indicator is that the current short-term holders have set a price target of $133,000.

Source

Correction/Report

RelatedRecommended

Is a bear turning bull Really Happening? We analysed four cycle LTH-STH chain indices

It has historically taken an average of eight months for bitcoin to come out of a bear market, and this is now the fifth month of the indicator's signal.

Long-Term Holders Realized Profit Upon Bitcoin's All-Time High, Triggering a "Top Capitulation" Signal?

Based on the on-chain data analysis, what is the limit of BTC price retracement in this bull market?

If a recession comes (unemployment skyrocketing, interest rate cuts to make up for the loss), how far might BTC fall in extreme cases?

The market volatility continues. How to determine when the pullback is over?

It still needs to consolidate for a while to form a structure resembling a relative bottom.

Can Bitcoin reach new highs? See how traders operate | Trader Observation

In a word, go long or go short?

On-Chain Activity