Bitcoin Needs $140K To Match Peak Profits, On-Chain Data Shows

Long-term holders of Bitcoin may need to see a fresh high around $140,000 to enjoy the same kind of profits they saw earlier in the cycle. According to CryptoQuant, this price point lines up with past peaks in realized gains for holders who have kept their coins untouched for at least six months. The average realized profit for long-term holders stands at about 220%, but in March and December 2024, holders were sitting on roughly 300% and 350% gains, respectively. This gap is what Darkfost, a CryptoQuant contributor, calls a form of "market magnet." Many are calling for $140,000 BTC so that unrealized profits match the cycle's top levels. Long-term investors have been selling as Bitcoin flirts with new highs, driving much of the selling pressure in the past few weeks. The average cost basis for this group is near $33,800, meaning anyone buying before six months ago would need Bitcoin to reach $33,800 just to break even. A super majority of Bitcoin investors are sitting on unrealized profits worth a combined $2.5 trillion, reflecting the overall strength of the market's recent rally. Analysts believe Bitcoin looks ready for a post-breakout retest and that the bull run might only have several months left before a final surge and then a change in trend. If this view holds, the final push could be the moment when BTC nears or even hits $140,000.