Bitcoin Wallets See 98% Profit; Market Reactions Awaited
- 98% of Bitcoin wallets are in profit as of May 2025.
- Market volatility could result from high profit-taking volumes.
- Resistance persists at $98,000 for Bitcoin’s current price.
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Bitcoin Nears $98,000 Amid High Profitability
Bitcoin’s rise to the $93,000-96,000 range has led to nearly every Bitcoin holder seeing profit, a situation contrasting with recent market stagnations. Current price fluctuations between $93,000 and $97,900 follow a consistent upward trajectory since 2023, suggesting a solid recovery phase.
Investor Caution as Only 2% of Supply in Loss
Investors are experiencing increased profits, with market analysts noting possible risk from elevated profit-taking pressures at these levels. The market’s financial dynamics are affected by the supply in loss falling below 2%, highlighting reduced bearish positions. Checkmate, Crypto Analyst, emphasized that Bitcoin is at a critical “decision point,” requiring a breakthrough in the current price zone to avoid a significant correction.
Experts Anticipate Corrections Following 2023 Patterns
Previous price peaks in 2023 resulted in similar profit-taking surges, exhibiting market patterns that historically precede corrections. Experts suggest potential price corrections if profit-taking continues; historical trends support such predictions under the current framework.
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