Bitcoin Eyes $100K as Short-Term Holders Return to Profit and Fresh Capital Flows In
Renewed Optimism as Long-Term Faith and New Money Drive Bullish Momentum
Bitcoin’s recent surge above $91,700 has reignited bullish sentiment in the market, returning short-term holders (STHs) to profit territory for the first time in weeks. As capital continues to pour in and long-term believers double down, the question now echoing across trading desks is simple: Is $100,000 next?
Short-Term Holders Back in the Green
Bitcoin’s climb to $93,451 on April 22 put it above the average cost basis for STHs, meaning that most recent buyers are now holding profitable positions. Historically, such a shift tends to trigger rallies, as profitable holders resist selling while attracting more participants to the market.
According to data from Glassnode, these conditions often precede a major breakout when paired with consistent buying activity.
New Buyers and Long-Term Holders Fuel the Push
In April alone, first-time investors made aggressive entries, signaling fresh capital inflows. Simultaneously, long-term holders — those holding BTC for over 155 days — added 363,000 BTC since February, reinforcing Bitcoin’s strong fundamental support.
Meanwhile, Bitcoin whales and sharks have reportedly absorbed 300% of the yearly supply issuance, limiting circulating supply and tightening pressure toward higher prices.
Final Hurdle at $97,000 Before $100K Opens
Despite the upward momentum, a potential resistance looms just ahead. Bitcoin researcher Axel Adler Jr. noted a significant sell-zone around $96,100, where coins held for 3–6 months could be offloaded as holders break even.
In total, approximately 392,000 BTC were acquired near the $97,000 level, suggesting a possible wave of profit-taking at that price. This could temporarily stall the rally unless buying pressure continues to absorb sell orders.
“At the $96K level, there will be the final resistance… after which the next target of $100K opens up,” Adler posted on X.
Wyckoff Reaccumulation Signals Higher Targets
Renowned crypto trader Ezy Bitcoin believes the Wyckoff reaccumulation phase is “playing out beautifully.” His analysis outlines three future price targets for BTC:
-
$131,500 (Target 1)
-
$144,900 (Target 2)
-
$166,700 (Target 3)
These levels, if reached, would mark new all-time highs and validate institutional and retail confidence in Bitcoin’s current uptrend.
Conclusion: All Eyes on $100K — But Eyes Open for Sell Pressure
While the path to $100,000 BTC appears more viable than ever, traders should be cautious of profit-taking near $97,000, where a significant number of holders could look to exit. That said, with long-term accumulation and fresh capital continuing, the bulls seem ready for their next charge.
Bitcoin is once again on the verge of a historic milestone, and this time, it’s supported not just by hype — but by data, confidence, and serious capital.
Share This
