Bitcoin Holds Over 85% in Profit, Pushing Potential for Short-Term Corrections

A significant surge in Bitcoin’s profitability is raising eyebrows within the crypto community. On-chain data reveals that over 85% of Bitcoin holders are currently sitting on profits, a level not seen in a while, suggesting potential profit-taking activity in the near term. 75%, a level often considered key support in past market cycles, was recently reached and has been exceeded in recent days.