$BTC

### Notable Milestone of Bitcoin Profitability 🚀

Almost all Bitcoin holders (98.9%) are currently in profit according to data from IntoTheBlock, representing an astonishing amount of $2.17 trillion in BTC purchased below current prices. This unprecedented profitability suggests minimal selling pressure as investors enjoy their gains.

The remaining 1.1% of holders are "at the money" with no holder currently at a loss, a truly rare bullish indicator!

Bitcoin is trading around $109,885 with increased trading volume (up 30.62% to $60.96 billion), sitting just 2% below its all-time high of $111,970. Recent price action shows consolidation between $108,500-$110,500, with brief tests of the $110,500 level.

For Bitcoin to reach the anticipated milestone of $120,000, it needs to break resistance at $112,000. However, failing to do so could trigger a correction towards $105,000.

The combination of high profitability and increased trading volume signals strong market confidence in Bitcoin's upward trajectory!