Bitcoin News

Story: Bitcoin Hits $100K as Profit-Taking Phase Begins

By Sakamoto Nashi

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Bitcoin [BTC] has been making headlines once again after breaking past the $85,000 resistance and climbing toward the critical $100,000 milestone.

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A key metric behind this view is the Short-Term Holder Spent Output Profit Ratio (STH-SOPR), an on-chain indicator that tracks whether short-term Bitcoin holders are selling…

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This type of behavior isn't unexpected in a maturing market. In fact, veteran investors often recommend a step-by-step exit strategy instead of reacting emotionally to rapid…

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Supporting this cautious optimism is another important on-chain metric — the MVRV-Z Score. This indicator compares Bitcoin's current market value to its realized value (the…

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So, while short-term holders are taking profits, the MVRV-Z Score indicates that the asset still has long-term growth potential.

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For investors, this presents a critical moment. Some may choose to ride out short-term volatility, confident in the long-term bullish case supported by institutional interest and…

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In summary, Bitcoin’s recent rally has brought it back to a key psychological level, and while the trend remains positive, on-chain data like the STH-SOPR indicates that some…

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