Bitcoin is quietly poised, yet it hides signals of a major explosion! Will the $140,000 threshold trigger a frenzy?
The latest market analysis shows that although Bitcoin keeps hitting new highs, investors have hardly made large-scale profit-taking. Alphractal points out that both short-term and long-term holders exhibit unusually strong confidence, and their attitude is strikingly similar to the situation before the peak near $70,000 in July 2021, indicating that the market is not yet fully optimistic.
The current lack of a sell-off is not a sign of weakness; rather, it indicates that the market is in an early enthusiasm phase, with many investors looking forward to a significant price surge. Alphractal believes that to ignite a global market frenzy, Bitcoin needs to break through the $110,000 mark and even reach the critical point of $140,000.
Data shows that the largest profit wave in the past cycle was concentrated in the spring and year-end of 2024, with limited selling pressure at other times, as most holders choose to continue holding out for higher returns.
Investors' calm attitude suggests that the market has not yet entered the typical 'crazy buying' phase, which often indicates that the peak is near. Analysts believe that Bitcoin has not yet been fully activated by the market, and as confidence grows and institutions further engage, Bitcoin will not only hit new price highs but also see a simultaneous explosion in retail activity and mainstream recognition, with the second wave of increases possibly already in the making.