Bitcoin News Today: Bitcoin's 99.4% Profit Level: Bull Market Maturity Drives $150K Ascent

Bitcoin's price has regained critical technical levels, sparking renewed optimism among traders and analysts who see the cryptocurrency on track for a potential $150,000 target. Recent on-chain data and institutional activity suggest that Bitcoin's bull run remains intact, with key metrics indicating strong demand and accumulation.

According to on-chain analyst Axel Adler Jr., 99.4% of Bitcoin's supply is currently in profit, signaling a mature bull market phase. This widespread profitability extends to both long-term holders (LTHs) and short-term holders (STHs), with the latter's realized price now at $133,000. Adler notes that historical patterns show STHs often sell aggressively at this level to lock in gains, potentially creating short-term volatility. However, the current price action above the STH cost basis of $114,000 suggests continued bullish momentum The Coin Republic^[1].

Technical indicators further reinforce the positive outlook. Bitcoin is testing the "golden cross" pattern, where the 50-day moving average crosses above the 200-day average. This formation has historically preceded massive rallies, with gains of 1,190% in 2020 and 2,200% in 2017. Analysts like Merlijn The Trader argue that the 2025 setup mirrors these past cycles, with the potential for a similar parabolic move . Additionally, Bitcoin's price has formed an ascending triangle pattern, with a breakout above $123,000 potentially propelling it toward $150,000 Brave New Coin^[7].

Institutional demand is also a key driver. Bitcoin ETFs in the U.S. have seen record inflows, with $3.7 billion added in a single week, pushing global crypto assets under management to $211 billion. Corporate adoption is accelerating, with forecasts estimating $15 billion in corporate Bitcoin purchases in 2025. High-profile moves, such as Trump Media's $2 billion Bitcoin treasury allocation, underscore growing institutional confidence Tradingview^[5].

Exchange dynamics highlight another bullish trend. Bitcoin's reserves on exchanges have hit historical lows, indicating a supply squeeze as investors shift holdings to cold storage. This behavior, historically linked to major price surges, suggests reduced sell-side pressure and a focus on long-term accumulation Tradingview^[5].

Whale activity adds to the narrative. A dormant Bitcoin whale recently moved $353 million in BTC, reigniting speculation about strategic repositioning. Large leveraged positions, such as an $86 million long at 40x leverage, further signal conviction among major players FxLeaders^[8]. Analysts like Gert van Lagen have identified inverse head-and-shoulders patterns targeting $170,000, while others, including Mister Crypto, project a $160,000 level by late 2025 Xt.com^[9].

Despite short-term volatility, including a recent $500 billion market wipeout triggered by U.S.-China trade tensions, Bitcoin has rebounded. Easing geopolitical tensions and stabilizing derivatives markets have restored investor confidence. Ethereum's resilience during the downturn also highlights the broader market's institutional-grade liquidity .

Market analysts caution that while the golden cross and technical patterns are strong indicators, they do not guarantee a smooth path. Short-term corrections, such as the recent 4% pullback from a record high, are expected. However, the combination of institutional inflows, favorable on-chain metrics, and historical parallels to past bull cycles supports the $150,000–$160,000 price range as a realistic target .