Recently, Bitcoin’s price saw a dramatic increase, surpassing 100,000 USD. Long-term holders reduced their supply from 14.23 billion USD to 13.31 billion USD, showing strategic profit-taking as prices reached local highs.
Despite rising profits, market sentiment is not euphoric, indicating potential for further increases. The True Market Deviation (AVIV Ratio) is currently at 1.81, well below the 3.0 Threshold that characterizes an overheated market.
Analysts predict Bitcoin may reach 145,000 USD by mid-2025, with the possibility of hitting 200,000 USD. Growing speculation about the new Trump administration establishing a Bitcoin reserve could further fuel price increases.