According to a report by Cointelegraph, research from CryptoQuant shows that Bitcoin needs to reach $140,000 for long-term holders to achieve profit levels similar to those in 2024. The current average realized profit is 220%, while the average profit in March and December 2024 is expected to be 300% and 350%, respectively.
The cost basis for long-term holders is approximately $33,800. Although the profits appear substantial, they have not yet reached peak cycle levels. Market participants believe the market can absorb selling pressure, and Bitcoin prices are entering a new consolidation phase.
