Bitcoin Holders Remain Bullish Despite Record Highs, Suggesting Continued Rally Potential

CryptoQuant’s latest report reveals that Bitcoin holders have remained steadfast in their bullish stance even as prices surged past $126,000. Data suggests strong accumulation rather than profit-taking, hinting at a potential for further market growth. 0.26 million BTC in realized profits over the last 30 days is a significant indicator of continued market strength. This contrasts with previous peaks and suggests that holders are not yet selling into weakness. Long-term holders are also demonstrating limited selling pressure, only moving around 5,000 BTC in the past month, suggesting strong conviction in the ongoing uptrend.