Bitcoin is entering a pivotal phase as it hovers near key resistance levels, with traders anticipating an expansive move that could define the next leg of the market cycle. The broader macro backdrop adds complexity to this moment—gold continues to rise, signaling mounting stress across traditional financial systems and renewed interest in hard assets. Historically, such moves in gold have preceded similar reactions in Bitcoin, often serving as a leading indicator of capital rotation into digital stores of value.

Amid this setup, on-chain data from CryptoQuant reveals an important dynamic among short-term participants. The Short-Term Holder Unrealized Profit metric has started to rise, showing that recent buyers are sitting on growing paper gains. This behavior often serves as an early si

See Full Page