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April 29, 2025

Bitcoin Eyes Historic Highs at $115K as Supply Metric Climbs

Bitcoin sets its sights on $115,000 as its supply metric reaches a milestone. Over 85 percent of Bitcoin supply is now in profit, indicating strong market dynamics. Onchain data reveals robust buying activity from new and momentum investors. This accumulation suggests minimal profit-taking among current holders, fueling optimism for further price growth. As Bitcoin approaches this psychological threshold, market sentiment remains bullish. The growing interest from investors can amplify Bitcoin’s path toward potential all-time highs.

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