Bitcoin Not at Its Peak Yet

🟢The Long-Term Holder Realized Profit & Loss metric, which tracks sales by long-term investors, helps assess Bitcoin’s market cycles. Historically, sharp spikes in profits have coincided with bull market peaks, while a reduction in losses has signaled the end of downturns. Today, the indicator remains moderate, showing no signs of overheating.
🟢Although BTC is trading near all-time highs, long-term holders are not exerting significant selling pressure. This suggests that the euphoria phase has not yet arrived. However, rising investor activity is becoming more noticeable, and large-scale profit-taking could be the key signal of a cycle top approaching. For now, the market remains relatively stable, though the room for further growth is gradually narrowing.