BTC is increasingly being exchanged between long-term and short-term holders. Currently priced at 104,900 USD, Bitcoin’s recent surge past 100,000 USD reflects strong market sentiment, with long-term holders accumulating while short-term holders face losses according to SOPR data.

Miners are now experiencing about three times the profitability relative to mining costs. If historical trends continue, BTC could see an impressive surge of around 562%, potentially exceeding 589,000 USD by the end of the cycle.