Bitcoin Hits Record High with 99% Held at Unrealistic Gains

Bitcoin has surged past $112,000, reaching a new all-time high, fueled by renewed market optimism after an impressive 50% rally from its April lows. This growth is particularly interesting because a key Bitcoin metric has reached levels that historically precede major market shifts. 99% of Bitcoin’s Unspent Transaction Outputs (UTXOs) are currently in profit, according to CryptoQuant analysis. This historic trend has been linked to market euphoria and could signal either sustained rallies or corrections.