Bitcoin realized profits for long-term holders (LTHs) have not yet matched the high levels of 2024, indicating that Bitcoin (BTC) would need to rise by 30% to reach a key price point of $140,000, according to research from CryptoQuant. The current average realized profit for LTHs sits at approximately 220%, significantly lower than the 300% to 350% seen during peak profit periods in March and December of 2024. This indicates that while the market has experienced profit-taking as price surges to all-time highs, LTHs are not seeing profits comparable to earlier in the bull market. The total cost basis for LTHs is now around $33,800. Analysts predict a potential breakout from a multi-week downtrend, suggesting that the market could continue to consolidate before testing higher resistance levels. A significant portion of Bitcoin investors remains in a profitable position, collectively sitting on unrealized profits of $2.5 trillion, indicating ongoing bullish sentiment. However, they point out that Bitcoin needs to hit $140,000 for LTH profits to align with previous peaks.

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