BTC Price – Profit Rise Soars 21%, Is the Last Price Surge Just Beginning?

The price activity of Bitcoin (BTC) has shown a significant change in investor profits over the past three weeks. From April 8 to April 29, the MVRV ratio increased by 21.84% as it rose from 1.74 to 2.12. This index compares the current market value of Bitcoin with the average cost at which holders acquired their coins. This change indicates that unrealized profits are higher across the entire network. When the value of Bitcoin in USD steadily increases, many investors shift to profitable positions. This often leads to changes in market activity, for example, an increase in selling activity from short-term holders intending to take profits. MVRV is rising, but still lower than the peak levels of the previous bull market. The previous cycle peaks corresponded to high MVRV values, around 3.5 to 4.0. At the current level, the market still has room to grow before approaching those past extreme levels.

The activity of long-term holders has returned to normal. In addition to rising profits, data also shows that long-term holders are becoming less active. The Coin Days Destroyed (CDD) 60-day index, which tracks when old coins are moved, has returned to normal levels after increasing for most of 2024. From January to February, the holdings of Bitcoin (BTC USD) that are older moved more frequently, indicating that experienced investors are repositioning or withdrawing. However, that trend changed in March. By March 27, CDD had fallen to one of its lowest levels in months.

This decline indicates that long-term holders are currently less active on the network. Lower volatility from this group often signals less selling pressure and a more stable supply. When money remains stagnant, it can support the price of Bitcoin (BTC USD) by reducing the available supply in the market. Low CDD phases after high activity are sometimes followed by accumulation, often preceding the next move in the direction of the market. Short-term selling pressure continues. Although long-term figures indicate downward pressure, short-term trading data signals a possibility of a slowdown. Buy/Sell Pressure Delta—a tool used to track the strength of buyers versus sellers—has shown a high value since the beginning of March. This index first decreased on March 6 and peaked on March 18. Since then, it has remained within the range that previously experienced temporary price adjustments. Overall, if the figures are above 0, this indicates that buyers are easing off and sellers are strengthening.

This is not an independent signal, but rather something that many traders watch for signs of a downtrend. Although there are favorable long-term conditions, the short-term market may still favor sellers according to current data. Monitoring this measure alongside other indicators can help assess whether the recent price increase of Bitcoin will hold or face resistance in the short term. The market outlook for BTC price shows momentum, with risks ahead. The general view on the Bitcoin market (BTC USD) is continued growth with warning signs that may occur in the short term. Recently, the increase in unrealized profits (MVRV ratio ) confirms that many investors are in the profit zone. This often helps boost market confidence but sometimes some holders take profits near the resistance zone. The behavior of long-term holders has also calmed down at the same time. However, it seems that selling from large, inactive wallets has slowed down as CDD returns to normal levels. Increased buying interest could even help support prices if that change can match or exceed the current supply levels. On the other hand, a strong sell signal has appeared in the short term. If buying activity slows down further, the price of Bitcoin may drop. The pattern indicates that the market has not yet truly begun to reach its final peak, but it still faces challenges in the upward process. Meanwhile, investors can monitor long-term and short-term indicators to see if this is a sign of an end or just a brief pause before further growth.