Despite Bitcoin reaching all-time highs, there has been notable profit-taking among long-term investors, contributing to recent selling pressure in the market.

However, a super majority of Bitcoin investors remain in the green, collectively holding $2.5 trillion in unrealized profits, indicating a strong confidence in the market's stability.

Currently, market dynamics reflect a balance between buyers and sellers, with uncertainty surrounding whether demand will escalate sufficiently to hit the $140,000 target.

The significant gap between the current realized price for long-term holders and the previous bull market peaks highlights the challenges they face in achieving similar profit levels.

Darkfost, a contributor at CryptoQuant, describes the $140,000 price target as a 'market magnet,' essential for unrealized profits to reflect the cycle's peak.

The average cost basis for long-term investors is around $33,800, meaning Bitcoin must reach this level for them to break even.

Long-term holders of Bitcoin are currently facing lower realized profits compared to the previous year, with data suggesting that a price of around $140,000 is necessary for them to match earlier peak profit levels.

Research from CryptoQuant indicates that the average realized profit for these long-term holders stands at approximately 220%, significantly lower than the 300% and 350% profits recorded in March and December of 2024, respectively.

Technical analysis suggests that Bitcoin is breaking out of a multi-week downtrend, with expectations for a potential final surge before a trend change.

As Bitcoin's price continues to fluctuate, the focus remains on whether it can reach the critical $140,000 mark to revitalize profits for long-term holders.