The post Why Bitcoin’s Price Surge Isn’t “Enough” to Trigger Profit-Taking appeared on BitcoinEthereumNews.com.

Bitcoin’s price has made a strong recovery over the past few days, surpassing the $108,000 mark and positioning itself closer to previous all-time highs.  Investors appear to be showing patience, with a focus on holding their positions, but the question remains: can Bitcoin’s price momentum sustain itself and break into new highs? Bitcoin is Safe From Selling Despite the positive price movement, realized profits have remained relatively subdued in recent weeks. Bitcoin’s current price sits just a stone’s throw from its all-time high, yet only $872 million in profits are being realized per day. This is a stark contrast to the $2.8 billion and $3.2 billion realized profits seen during previous price surges, such as at the $73,000 and $107,000 price points.  This muted profit-taking suggests that investors are not compelled to cash out at current levels. The market needs either a substantial rise or a decline to trigger a shift in sentiment, pushing investors to take more decisive actions regarding their holdings. Bitcoin Net Realized Profit/Loss. Source: Glassnode Furthermore, the market sentiment reflects a cautious approach from investors. The sell-side risk ratio, which tracks the number of short-term holders selling their Bitcoin, saw an uptick in May but has since decreased.  This indicates a reduction in the selling pressure, as Bitcoin’s price remains in a range that isn’t alluring enough for short-term holders to sell.  However, the fact that short-term holders are not quick to sell signals that Bitcoin’s current value is not compelling enough for them to exit. Should the price continue to rise, there’s potential for more investors to feel incentivized to hold or accumulate further, contributing to an overall positive market sentiment. Bitcoin Short-Term Holder Sell-Side Risk Ratio. Source: Glassnode BTC Price Aims At Further Rise Bitcoin is trading at $108,948, very close to breaching the…

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Filed under: News - @ July 3, 2025 7:18 am