Bitcoin Bulls Rejoice: 85% of Holders Now in Profit — Time to Cash Out?

As Bitcoin flirts with all-time highs, a staggering 85% of wallets now sit on unrealized gains. The last time this happened? Right before the 2021 bull run peaked. History doesn’t repeat, but it sure loves rhyming—especially when Wall Street ’experts’ start calling the top while secretly stacking more BTC.

Key metrics flashing yellow:

- MVRV ratio hits levels last seen before 20%+ corrections

- Retail FOMO creeping into altcoin markets

- Tether’s printer working overtime (because what could go wrong?)

Smart money’s watching the $70K resistance like hawk-eyed traders monitoring a Bloomberg terminal after three espresso shots. Whether this is the start of ’to the moon’ or ’welcome to capitulation’ depends on who you ask—just don’t ask the guy who sold his 10,000 BTC for two pizzas in 2010.

If buyers regain their strength, a breakout above $98,000 might lead to Bitcoin retesting the $100,000 level. On the downside, a decline toward the $85,000–$87,000 range could be triggered by a break below $89,000.

Beyond the charts, institutional interest appears to be a major driver of the recent rally. According to data from SoSoValue, U.S. spot Bitcoin exchange-traded funds recorded $764 in net inflows over the past week. Corporate buyers are also stepping up. MicroStrategy recently purchased 15,355 BTC for $1.4 billion, increasing its total holdings to over 553,000 BTC.

More institutional demand is expected in the near future. Cantor Fitzgerald, SoftBank, Bitfinex, and Tether have announced plans to launch 21 Capital, a $3.6 billion Bitcoin investment venture. Bitcoin’s next move may depend on whether this wave of institutional demand can carry it through resistance amid fears of profit taking among retail holders.