Bitcoin Must Reach $140,000 to Match Previous Profit Peaks

Long-term holders of Bitcoin may need a price of $140,000 to realize profits similar to earlier highs in this market cycle. CryptoQuant indicates this aligns with past peaks in realized gains for holders who have kept their coins untouched for over six months.

Market Magnet Theory

CryptoQuant's analysis using the Market Value to Realized Value (MVRV) ratio shows that long-term holders currently have an average realized profit of 220%. This is lower than the approximately 300% seen in March and 350% in December 2024. The gap suggests a “market magnet” effect, pushing towards the $140,000 target.

Profit-Taking Trends

Long-term investors are selling as Bitcoin approaches new highs.
The average cost basis for these holders is around $33,800, requiring BTC to reach this level for them to break even.
To match previous profit levels, Bitcoin must rise to $140,000.

A super majority of Bitcoin investors hold unrealized profits totaling $2.5 trillion, indicating strong market support despite recent selling pressure. Analysts suggest the market is in a pause, assessing whether demand will increase to achieve the target price.

Cycle Outlook and Next Steps

Analysts predict Bitcoin is set for a post-breakout retest after breaking a multi-week downtrend. They anticipate a final surge in the bull run, potentially reaching $140,000 before a trend reversal occurs.