A CryptoQuant analysis suggests that limited Bitcoin profit-taking could indicate the potential for a continued price surge towards $160,000 to $200,000.

Bitcoin Profit-Taking Analysis

Recent data from CryptoQuant indicates unusually low profit-taking by Bitcoin holders, despite prices reaching record highs. Approximately 0.26 million BTC, or about $30 billion, has been realized in the last 30 days, significantly less than earlier peaks. This suggests ongoing accumulation rather than widespread selling and potentially supports further price appreciation.

Long-Term Holder Activity

Movement from long-term Bitcoin holders has been minimal, with only 5,000 BTC moved in the last month. This represents a sign of strong conviction and reduces the available supply. Realized profit margins for short-term holders are also low, lacking typical signals seen near market peaks.

Potential Price Targets

CryptoQuant’s models project a possible range of $160,000 to $200,000 if current trends persist. Continued accumulation, steady ETF inflows, and sustained retail interest are key factors. Monitoring realized profits and capital flows will be crucial to assess the longevity of the upward trend.

Key Indicators to Watch

Key indicators to watch include realized profit totals, the movement of long-term holders’ coins, and short-term holder margins. A rise in realized profits or significant selling from aged wallets would present a risk of a short-term price top, while continued accumulation would likely drive the price higher. COINOTAG recommends signup for exchange tools and risk features.