During the past few days, Bitcoin It showed impressive price performance and resilience, surpassing its previous all-time high of $108,000, which was achieved last December. However, many investors still face a setback as Bitcoin’s profitability drops significantly.
Investors see lower gains as profitability shrinks
Despite the recent notable price rise, Bitcoin’s profitability has turned negative, reflecting a shift in market dynamics. It was a negative development shown Written by seasoned market expert and author Axel Adler Jr. In a post on the X platform (formerly Twitter).
Data from Axel Adler reveals this Average profit earned for Bitcoin It dropped from $146 million to about $62 million, which represents a drop of more than 50%. The decline may indicate that short-term traders are making smaller gains while long-term holders continue to be cautious. Moreover, a decrease in the average profit achieved indicates a calm period for the main asset.
Although average, Adler claims that these levels are still high, with absolute values being much higher. However, the market will start to calm down at current levels if the average figure falls below $40 million.
This sharp decline comes in light of the bullish momentum as Bitcoin has risen to new levels, raising questions about the sustainability of its upward trend. However, cryptocurrency enthusiasts remain bullish on Bitcoin Short-term and long-term prospectsStressing that the asset has not yet reached its peak for this cycle.
BTC bull market remains intact
After moving Bitcoin price Action, Mags, Market Expert and Trader specific Possible time frame for the asset to exceed this market cycle. The expert offered his thoughts as speculation emerged in the community about Bitcoin reaching its market peak.
Mags’ bold prediction is based on historical price trends that lead to a market top after surpassing the previous all-time high in each cycle. Historically, the expert asserts that the price of Bitcoin reaches the market top between 230 and 330 days after a breakout above its previous peak.
As we saw in the 2016-2017 and 2020-2021 cycles, after breaking its previous peaks, Bitcoin peaked on 233 days and 328 days, respectively. Meanwhile, in Ongoing 2024-2025 cyclethe major asset crossed its all-time high.
With BTC recently breaking above its previous peak, this trend suggests that the asset will reach the top of the market in 2025. Specifically, Mags believes this will happen between July and October 2025, taking BTC’s price to a market high of $305,000.
Nowadays, Bitcoin is running to New all-time high It faced volatility, causing a drop to $102,700, with a decline of almost 3% in the past day. Bullish sentiment is waning as daily trading volume declines by more than 21%.
Featured image from Unsplash, chart from Tradingview.com