The post BTC Price – Profits Surge 21%, Final Bull Run Just Beginning? appeared on BitcoinEthereumNews.com.

Bitcoin’s (BTC) price activity has shown a sharp shift in investor profitability over the past three weeks. From April 8 – April 29, the MVRV ratio rose 21.84% as it moved from 1.74 to 2.12. This metric compares Bitcoin’s current market value with the average cost at which holders obtained their coins. This change indicates a higher unrealized profit in the entire network. As the Bitcoin USD value climbed steadily, more investors moved into profitable positions. This typically causes changes in the market activity, for instance, increase in selling activity from the short-term holders meaning to go for the profits. The MVRV is increasing, but it is still below the levels from previous bull market peaks. Past cycle tops have corresponded to MVRV values this high, around 3.5 to 4.0. At its current level, the market may still have room to move upward before approaching those past extremes. Bitcoin MVRV Ratio| Source: CryptoQuant Long-Term Holder Activity Drops Back to Normal In addition to rising profits, data also shows that long-term holders are becoming less active. The 60-day Coin Days Destroyed (CDD) metric, which tracks when older coins are moved, has returned to normal levels after being elevated for most of 2024. From January through February, older Bitcoin (BTC USD) holdings moved more frequently, suggesting that experienced investors were repositioning or cashing out. However, that trend shifted in March. By March 27, CDD had fallen to one of its lowest readings in months. Coin Days Destroyed| Source: CryptoQuant This drop indicates that long-term holders are now less active on the network. Lower movement from this group generally signals less selling pressure and more stability in supply. When coins remain dormant, it may support the Bitcoin (BTC USD) price by reducing available supply in the market. Periods of low CDD following high…

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Filed under: News - @ May 1, 2025 12:24 pm