$140,000💥💥💥 Bitcoin (BTC) profit-taking wave, $140,000 becomes a key price level

Mlion.AI's latest research indicates that Bitcoin profits realized this year have not yet reached the levels of 2024. Theoretically, the BTC price needs to rise by about 30% to bring realized profits back to the highs of 2024.

Key points:

1/ Profits realized by long-term holders of Bitcoin remain significantly lower than during the 2024 period.

2/ Research estimates that to return to the levels of 2024, BTC/USD needs to rise to $140,000.

3/ The current price trend is attempting to break through a downward trend that has persisted for several weeks, with consolidation still ongoing.

Bitcoin must rise to $140,000 for seasoned investors to experience profit levels comparable to those in the early stages of this bull market. A recent study by on-chain analysis platform CryptoQuant shows that $140,000 has become a key price point for long-term holders (LTHs) of Bitcoin.