Long-Term Holders Back in Profit: Can $98K Support Fuel the Next BTC Rally?

Long-Term-Holders-Back-in-Profit-Can-98K-Support-Fuel-the-Next-BTC-Rally

Bitcoin’s interaction with the Realized Price of long-term holders’ UTXOs has historically served as a reliable indicator of market direction, as it reflects the average acquisition cost of these key investors. This metric often acts as a dynamic support or resistance level.

Currently, Bitcoin has successfully reclaimed the Realized Price of the 3–6 month holder cohort, suggesting that these important market participants are now in overall profit. This development is typically seen as a bullish signal.

However, a short-term corrective retracement toward this level—currently around $98K—remains a likely scenario, as the market consolidates and searches for fresh demand. The $98K zone stands as a critical support range. A strong rebound from this level could confirm it as a solid foundation and potentially ignite a fresh uptrend, aiming for a new all-time high.