Bitcoin shines again: 7 million BTC already in profit

Bitcoin surpasses $115.000, turning 7 million BTC from short-term holders profitable. CryptoQuant analysts see renewed structural confidence in the market.

Bitcoin's price is capturing the market's attention this week, trading above the $115.000 mark. Data from the tracking platform CoinGecko shows a price of $115.900 in the last few hours, reflecting a gain of over 5% over the past seven days. 

However, beyond the number visible on the screens, a deeper analysis of the blockchain reveals a more significant story: a structural change in investor psychology which could be laying the groundwork for the market's next move.

The real news isn't just Bitcoin's price surge, but the levels it has surpassed. A recent report by analysts at the data intelligence firm CryptoQuant highlights that this rally has pushed Bitcoin above several crucial "cost bases"For experts, these levels aren't arbitrary lines on a chart; they represent the average price at which the most recent and often most reactive groups of investors purchased their coins. By breaking through this barrier, the market has sent a signal of strength and injected a vital dose of confidence into millions of participants.

Bitcoin price breaks key barriers

To understand the magnitude of this movement, it is necessary to look at the on-chain data. CryptoQuant's analysis identifies Three critical areas that Bitcoin has just conquered. 

First, there is the average cost which those investors who have held their Bitcoins for less than a week bought, close to $110.000. Then, the area of ​​the so-called “new money”, that is, buyers with less than a month, who had a base cost of around $113.000. Finally, the average price of all holders of less than six months, which was around $112.000, according to analysts. 

In the weeks leading up to this, the Bitcoin price hovered just below the thresholds indicated by CryptoQuant analysts, keeping many Bitcoin holders "underwater," that is, at latent losses, generating pending selling pressure. In this context, many investors tend to wait patiently for the price to return to their entry point to sell without losing capital, which slows the formation of new increases.

However, what happened this week completely changes that dynamic. By surpassing $115.000, Bitcoin not only broke a technical barrier but also altered the financial situation of millions of holders. 

According to CryptoQuant data, Nearly 7 million bitcoins have returned to profit territoryOf these, 5,1 million BTC coins are held by investors who have been holding them for less than six months, and 1,8 million belong to more recent buyers. 

In essence, it appears the market is absorbing the selling pressure that was waiting for its opportunity to break out and rewarding those who held firm.

Trust transforms the dynamics of the crypto market

The change in profitability identified by the platform's analysts has direct implications for human behavior, which is ultimately the driving force of the market. 

The psychology of an investor who sees losses is radically different from that of one who sees gains. As CryptoQuant analysts point out, realized profit acts as a key driver of behaviorAnd, in the current context, anxiety is turning into confidence.

“Bitcoin's recovery from these critical 'cost basis zones' marks a psychological and structural shift toward optimism.”, they said the analysts. 

When short-term holders, the group often labeled "weak hands," begin to see consistent gains, their outlook changes. The urge to sell disappears and is replaced by conviction. According to analysts, they tend to extend their holding periods, waiting for higher prices, and may even feel confident enough to add more positions. This behavior actively reduces the supply of coins available for sale, creating a more favorable environment for demand to drive prices higher.

Bitcoin's move above $115.000 is, therefore, a structural event. It represents the transition from a market dominated by the fear of recent buyers to one sustained by the confidence of those same buyers. The "new money" that entered in recent weeks has been validated, and its correction threshold has now become a support floor.

Thus, although the platform's analysts still foresee the possibility of further declines in the prices of Bitcoin and other cryptocurrencies, they note that "sustained trading above these levels in the coming days and weeks would confirm renewed market confidence and could pave the way for the next stage of the uptrend."

Optimism around the next Fed meeting

The optimism felt in the Bitcoin market this week is closely linked to the expectation generated by the next meeting of the Federal Reserve (Fed), where A possible reduction in interest rates of 25 basis points is anticipatedThis measure would encourage a more favorable environment for risk assets, and Bitcoin is capturing that renewed investor confidence.

This upcoming meeting, and the potential decision the Fed could make, is generating renewed interest and confidence among investors, who see this as an opportunity to strengthen their positions. Furthermore, with Bitcoin surpassing the $115.000 mark, approximately 7 million coins held by short-term holders have returned to the profitable zone, reinforcing market optimism. 

In short, CryptoQuant experts interpret Bitcoin's current surge as a clear sign of a growing confidence structure that could sustain the momentum of BTC and cryptocurrencies in the coming weeks.