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Every BTC holder is in profit—will $108K be the breakout trigger or a bull trap?
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Bitcoin’s all UTXO age bands are now in profit, signaling full-chain confidence and stronger hands across the board.
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Stock-to-Flow and NVM Ratios rose sharply, aligning scarcity and utility with BTC’s current price surge.
Every BTC holder is currently seeing profit; the key resistance level at $108K could determine Bitcoin’s next big move.
Are whales and institutions positioning early?
Large holder behavior has shifted notably. The 7-day Exchange Netflow Ratio has surged by 69%. This move indicates that whales are either preparing to sell or repositioning near a key resistance level.
Historically, netflow spikes near price ceilings often precede large market moves. Rising inflows suggest elevated caution or anticipation, which could signal a potential price correction or continuation.
Moreover, transaction growth has been broad. Transfers between $10K–$100K rose 25.85%, while $1M–$10M volumes climbed 26.18%. This broad growth indicates rising confidence and liquidity throughout the market.
Therefore, both retail and institutional participants are becoming more active, which often strengthens market structure and supports upward continuation.
Is growing network activity reinforcing Bitcoin’s bullish trend?
On-chain activity has also turned up. Active Addresses increased by 8.79%, and New Addresses were up 8.13% this week. This signals that fresh demand is entering the market.
Historically, rising address counts have coincided with early phases of strong bullish cycles. Furthermore, new user inflow contributes to organic demand and reduces reliance on speculative momentum.
Valuation metrics now align with bullish momentum. Bitcoin’s Stock-to-Flow Ratio jumped 75% post-halving, indicating increased scarcity, just as supply shocks begin taking hold. Meanwhile, the NVM ratio climbed 19.01%, showing that price growth is supported by expanding network utility.
This combination of scarcity and usage supports higher valuations, a phenomenon typically seen during strong bullish phases.
Is BTC about to break out from the cup-and-handle pattern?
Bitcoin has formed a clear cup-and-handle pattern with a neckline resistance around the $108K mark. A breakout above this level could potentially trigger a surge toward $120K.
The current rally displays structure, volume, and on-chain support. Historical breakouts from this pattern often lead to rapid price expansions. Traders are closely monitoring these levels, as sustained buyer control may usher Bitcoin into a new price discovery phase in the coming days.
Ultimately, BTC now enjoys full-chain profitability, whale interest, and a robust technical structure, signaling that momentum clearly favors the bulls. However, the $108K resistance level remains critical. Should buyers break through this zone convincingly, Bitcoin could embark on a path towards new all-time highs, supported by strong foundational metrics and market activity.
