Bitcoin Long-Term Holders Approach Critical Profit Threshold

According to Odaily, CryptoQuant analyst Axel Adler Jr has noted that Bitcoin long-term holders (LTH) typically begin significant sell-offs when profits exceed 300%. Currently, the average profit rate for LTHs has reached 215% above the cost price. The market is positioned between orderly profit-taking and potential sell-offs, warranting attention to possible future market fluctuations.