📢 #Gate观点任务# 第一期精彩啓程!調研 Palio (PAL) 項目,在Gate廣場發布您的看法觀點,瓜分 $300 PAL!
💰️ 選取15名優質發帖用戶,每人輕鬆贏取 $20 PAL!
👉 參與方式:
1. 調研$PAL項目,發表你對項目的見解。
2. 帶上$PAL交易連結。
3. 推廣$PAL生態周系列活動:
爲慶祝PAL上線Gate交易,平台特推出HODLer Airdrop、CandyDrop、VIP Airdrop、Alpha及餘幣寶等多項PAL專屬活動,回饋廣大用戶。請在帖文中積極宣傳本次系列活動,詳情:https://www.gate.com/announcements/article/45976
建議項目調研的主題:
🔹 Palio 是什麼?
🔹 $PAL 代幣經濟模型如何運作?
🔹 如何參與 $PAL生態周系列活動?
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⏰ 活動時間:截止至 2025年7月11日 24:00(UTC+8)
Bitcoin profit-taking makes $140K key BTC price point: New research
Key points:
Bitcoin (BTC) must hit $140,000 before OG investors enjoy the kind of profits seen earlier in the bull market.
New research from onchain analytics platform CryptoQuant says that the $140,000 mark is a key price point for Bitcoin’s long-term holders (LTHs).
CryptoQuant: ”Many are calling for” $140,000 BTC
Bitcoin has witnessed an uptick in profit-taking in recent weeks as price hits all-time highs but struggles to maintain them.
In particular, LTH investors — entities hodling BTC and not selling for at least six months — have contributed the lion’s share of selling pressure.
Comparing current realized profits to earlier bull-market peaks shows that LTHs are not as deep “in the black” as before in 2025
To do this, CryptoQuant leveraged the Market Value to Realized Value (MVRV) metric, which compares the value of coins in circulation to the price at which they last moved.
The average realized profit, “based on the MVRV ratio, currently stands at around 220%,” contributor Darkfost wrote in one of its “Quicktake” blog posts
Darkfost argued that while the figure “may seem high for BTC,” March and December 2024 saw “average realized profits among LTH were around 300% and 350%, respectively.”
The aggregate cost basis, also known as realized price, for LTHs is now approximately $33,800.
Concluding, Darkfost argued that the price at which LTH's unrealized profits match 2024 levels is a form of market magnet.
“Although these profits may seem substantial, we’re still far from the levels observed during the tops of this cycle,” he concluded
As Cointelegraph reported, a “super majority” of Bitcoin investors are sitting on unrealized profits worth a giant $2.5 trillion.
Related: Bitcoin due to copy S&P 500 to hit new all-time high in July: Forecast
Meanwhile, market participants remain confident that the market can absorb selling pressure in what has become a new BTC price consolidation phase.
“The next technical step is the anticipated post-breakout retest,” popular trader Rekt Capital wrote in part of a recent X analysis examining weekly BTC/USD performance.
This week, he predicted that the bull market may have just several months left before a blow-off top and trend change arrive.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.