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Bitcoin remains locked in a tight trading range between $105,000 and $125,000, according to multiple on-chain valuation models. Despite recent volatility, the market is showing signs of consolidation within this band.<\/p>\n
This range is becoming increasingly important as a structural boundary: a decisive breakout above the upper band could propel the asset toward a major milestone.<\/p>\n
Over the weekend, Bitcoin endured one of its largest liquidity tests to date. An early investor offloaded over 80,000 BTC, which is worth approximately $9.6 billion, via Galaxy Digital\u2019s OTC services. The event briefly drove<\/a> the price down to $115,000 before rebounding and stabilizing at around $119,000, just under the all-time high.<\/p>\n Despite the scale of the sell-off, Glassnote noted<\/a> that the market demonstrated strong absorption capabilities. On-chain data reveals that over 97% of the circulating BTC supply remains in the money, as the aggregate unrealized profits reached an all-time high of $1.4 trillion.<\/p>\n This significant paper gain creates a growing incentive for profit-taking should prices continue to rise, particularly if Bitcoin approaches the $141K level, which aligns with the +2\u03c3 standard deviation band of the Short-Term Holder (STH) cost basis.<\/p>\n Historical data show that this zone has frequently marked periods of market euphoria and resistance. Meanwhile, the STH cost basis band, which spans from $105K to $125K, is acting as a magnet for price action. Investors appear to be accumulating heavily within this range.<\/p>\n The Realized Profit\/Loss Ratio has also surged, which indicates a trend of profit-taking over loss realization. This often precedes market exhaustion but does not immediately trigger it. Moreover, Bitcoin\u2019s composite momentum indicator, based on short-term holder cohorts, continues to trend upward, further validating near-term bullish sentiment.<\/p>\n Still, Glassnode cautioned that if Bitcoin breaches the lower end of the current range, the light-volume \u201cair-gap\u201d between $110K and $115K could become a gravity zone for price retracement.<\/p>\n Overall, while short-term dynamics suggest continued consolidation, the broader outlook hinges on whether Bitcoin can muster enough momentum to break above $125K. A successful breakout could spark the next leg higher toward $141K, but it would also need to overcome the growing supply of investors eager to lock in profits at those elevated valuations.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\u201cAir-Gap\u201d Ahead<\/h2>\n
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