#BTC #120Knextlevel

Bitcoin’s rare on-chain phase just hit – Is $120K next?

Bitcoin’s all UTXO age bands are now in profit, signaling full-chain confidence and stronger hands across the board. Stock-to-Flow and NVM Ratios rose sharply, aligning scarcity and utility with BTC’s current price surge. Bitcoin (BTC) has entered a rare on-chain phase where all UTXO age bands are in unrealized profit. This shift confirms that every group of holders, including those in the 3 to 6 months range, now holds profitable positions. Reportedly, the transition occurred once Bitcoin broke above $98,138. This milestone reflects growing investor confidence and market strength. At press time, Bitcoin traded at $102,942, up 3.32% in 24 hours.