🟦An analytical report by expert PelinayPA confirms the key role of long-term holders (LTH) in shaping Bitcoin’s market cycles. Historical analysis shows that phases of active profit-taking and loss realization have coincided with local peaks and bottoms, making LTH behavior a reliable trend indicator.
🟦In 2024–2025, the situation remains moderate: despite Bitcoin’s approach to all-time highs, long-term investor selling is under control. BTC is trading at a 150%–350% profit over its cost basis, leaving room for growth toward the $124,000–$178,000 range. However, as it approaches the +500% level, correction risks intensify — and LTH activity will be the key factor in identifying the peak of the current cycle.
