news 
When Will Bitcoin’s Price Reach its Top This Cycle? Analysts Give Key Insights
The cryptocurrency market has been abuzz with excitement as Bitcoin (BTC) continues to hover around $107,000. As the price remains relatively stagnant, many investors and analysts alike are left wondering when BTC will reach its top this cycle.
To provide some clarity on this topic, CryptoQuant’s MVRV ratio reveals that the average unrealized profit for long-term holders currently stands at 220%. This figure is notable but significantly lower than the 300% and 350% seen during previous market peaks. Long-term holders are now seeing their unrealized profits decline even as BTC trades a little over 4% from its all-time highs.
According to the data, it seems that significant gains remain present despite this decline in unrealized profits. Furthermore, the current profit levels mirror those last seen during the October 2024 correction, suggesting that while BTC remains strong, we have yet to reach peak profit extremes.
In order for Bitcoin’s price to match previous cycle tops, a climb towards $140,000 is required.
Source: cryptopotato.com
