Bitcoin Profit-Taking Sets $140K as Key Level

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Bitcoin realized profits this year have yet to match 2024 levels, and BTC price action would notionally need to rise 30% as a result, said research from CryptoQuant.

Bitcoin realized profits for long-term holders remain comparatively lower than during 2024.

Research calculates that to match those levels, BTC/USD needs to reach $140,000.

Price action is attempting to break out of a multiweek downtrend as consolidation continues.

Bitcoin must hit $140,000 before OG investors enjoy the kind of profits seen earlier in the bull market.

New research from onchain analytics platform CryptoQuant says that the $140,000 mark is a key price point for Bitcoin’s long-term holders (LTHs).


CHESS/USDT has covered all the targets to give a Profit of 26%

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