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The price of a lion football and players are supple. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
According to Cryptoquant Darkfost analyst, long -term Bitcoin Holders are sitting on unrealized profits, which were recently seen during the October 2024 market. At the moment, these owners show an average profit of 220% on coins that they bought and organized in the long run. This number is surprisingly low, taking into account the recent Bitcoin growth above USD 107,000.
Lower profit levels than the previous peaks
Darkfost used MVRV ratio – market value in relation to the average costs paid by long -term owners – to track these changes. In March 2024, when Bitcoin raised to $ 74,500, MVRV reached 300%. Then in December 2024, at a top of USD 108,000, increased to 350%. However, today’s raise in 220% reflects the fact that many long -term owners bought at much higher levels than before in the cycle.
The price must raise to adapt to earlier profits
Based on the average cost of USD 33,800, Bitcoin would have to return to USD 135,200 to restore the level of 300% of profit. If the market was re -reaching a 357% sign, prices will have to reach around USD 154,400. Both numbers follow what the story of the behavior of investors tells us – people usually sell when profits achieve huge round numbers.
📉 Unrealized profits from LTH are still falling and are now approaching the levels that have recently been observed during the correction of October 2024.
The average unrealized profit, based on the MVRV indicator, is currently about 220%.
This may seem high for BTC, but compared to the previous ones … pic.twitter.com/netcmxzvty
– Darkfost (@darkfost_coc) July 1, 2025
Comparison of the historical cycle
Looking further shows how much is left. In December 2017, at 19,500 USD, long -term owners noticed unrealized profits of 4000%. Then, during the 2020/2021 cycle, Bitcoin increased to USD 63,000 in April 2021, and MVRV reached 1,230%. Until November 2021, prices reached around USD 68,400, but unrealized profits For long -term owners, they have already fallen to 340%.
The last perspectives of the analyst are in line with this mathematics, first setting the highest cycle at USD 135,000 in October 2024. After reviewing fresh data in May 2025, they changed the target range to 120,000–150 000 USD and suggested the likely peak between August and September 2025. This range applies to the levels needed to restore MVRVs to ear levels.
Room for more pros, but watch the risk
Based on the latest data, Bitcoin is traders 106,250 USD, More or less flat in the last 24 hours. Lower profit margins mean that less long -term owners now have itching for sale, which can leave more fuel for higher prices. Despite this, the numbers on the page do not record the entire image. Spot market flows, ETF movements and wider economic changes can cause a keen reversal.
For now, the evidence indicates the market that is not overheated. If Bitcoin follows the cycles next to the cycles, it may climb more from long -term owners of profit blocking at levels observed in March or December 2024. But investors should balance these indicators on the signals of the real world – and be ready for everything that will be next.
A distinguished image from Imagen, chart from TradingView
