Bitcoin News Today: On-Chain Metrics Indicate That the Price of Bitcoin Could Reach $130,000 Before Significant Profit-Taking
The amount of bitcoin is increasing, and important indicators suggest that $130,900 is the starting point for significant profit-taking. Continued upward movement is supported by capital inflows and market momentum.
Increase in Bitcoin Holdings Indicates the Next Profit-Taking Zone at $130,000
After breaking through to an all-time high of $113,800 on Thursday, Bitcoin is still rising and is currently trading at $116,717. According to onchain statistics, if demand from long-term investors increases, the surge may continue toward $130,900 before any significant profit-taking occurs.
Bitcoin “accumulator” wallets, which are characterized by long-term ownership and little selling, currently contain 248,000 BTC, a 71% rise over the previous 30 days, according to CryptoQuant. Since December 2024, when Bitcoin was trading at $97,000 and accumulators reached a peak of 278,000 BTC, this is the highest amount of accumulation.
Analysts noted that even after Bitcoin’s breakout, “the surge in demand at higher price levels signals unwavering conviction among investors,” suggesting a fresh accumulation phase.
This pattern implies that the surge is backed by actual money flows into Bitcoin spot holdings rather than being just speculative.
Real Capital Inflows Confirm Market Strength
The $4.4 billion increase in Bitcoin’s realized cap, which only increases when coins are transferred at higher prices, lends credence to this theory. Real investment activity, not just price speculation, is highlighted by the steep surge that followed Bitcoin’s breakout above $113,000.
MVRV Metric Flags $130,900 as First Major Profit Zone
The Market Value to Realized Value (MVRV) ratio, which is presently below the crucial 2.75 level that has traditionally signaled the beginning of more expansive distribution phases, was mentioned by analyst Axel Adler Jr. The 2.75 threshold is equivalent to a Bitcoin price of $130,900 based on current market capitalization and cost basis statistics.
According to Adler, “that’s the level where we historically begin to see meaningful profit-taking,” although the surge might go on until that happens.
Momentum Building Toward $150K?
There are even more positive market participants. Kyle Reidhead, co-founder of Milk Road, reaffirmed a $150,000 goal, pointing to a sustained cup-and-handle breakout. After Bitcoin surpassed $112,000, he wrote, “See you at $150K.”
Important Levels of Support and Resistance: $113,000 → $110,500 → $106,774 (50-day SMA)
The pattern aim is $150,000, and the resistance is $116,700 → $120,000 → $130,900 (MVRV zone).
Strong onchain accumulation and growing realized capital suggest that the market may still be far from overheated as Bitcoin moves into a new price discovery phase. According to Cointelegraph, analysts anticipate that upward trend will continue with the next significant resistance band at $130,900—as long as market confidence and economic conditions stay favorable.
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