Bitcoin Cost Basis Don Pass $100K as $3.5B Profit Dem Realize and Whale Dem Move
Glassnode data dey show say di Bitcoin cost basis for short-term holders don pass $100,000 per coin for di first time. On-chain metrics dey reveal say almost 99% of circulating BTC dey make profit, wey mean say market dey high joy and correction risk dey.
For di last 24 hours, investors don realize like $3.5 billion profit, mainly from long-term holders wey lock their gains. E get one 14-year-old dormant wallet wey move 40,000 BTC go Galaxy Digital, wey later move 6,000 BTC go Binance and Bybit—one of di biggest whale transaction for months. These tins mean say $100,000 fit be strong support when market dey pull back, while concentrated whale activity and high cost basis fit cause more wahala. Traders suppose dey watch on-chain metrics, realized price levels, and whale flows make dem sabi wetin price fit do near-term and how liquidity fit change.
Bullish
Di way di Bitcoin cost basis pass $100,000 plus $3.5B profit-taking show say demand dey gidigba and dem dey distribute for top level. Almost 99% of BTC dey for profit mean say market dey on top mood but e still set clear support zone around $100K. Big whale moves—40,000 BTC go Galaxy Digital plus 6,000 BTC go big exchanges—mean liquidity dey shift wey fit increase volatility but e fit also give chance to buy when price dip. Overall, these on-chain signals mean say Bitcoin get better chance especially if $100K area hold as support.