Bitcoin’s Surprising Dance Above $114K – Will It Fizzle or Fly? 🧐🚀

Ah, Bitcoin, that capricious creature of the digital wilderness! From a humble stroll around $108,000 on the first day of September, it now pirouettes above $115,000 as I write this-up roughly 4% in these past two weeks, the blink of an eye in financial eternity. But, dear reader, the omens etched in the on-chain entrails whisper promises of a fresh rally, perhaps even a glorious ascent to dizzying new heights, or as they say in polite society – an all-time high (ATH).

The Mid-Term Holders and Their “Realized Price” – A Curious Notion

According to the prophecy delivered by one ShayanMarkets in the hallowed halls of CryptoQuant, our dear Bitcoin has climbed from the depths of $107,000 to just above $114,000, thereby surpassing the mystical “Realized Price” held sacred by mid-term holders-those brave souls who fiddled with their coins within the last three to six months.

For the uninitiated or the blissfully indifferent, the Realized Price is nothing more-or less-than the average cost that these mid-term holders paid for their treasure troves. Imagine it as a spectral threshold where hopes and fears converge, a battleground for sentiment, a hotbed of possible sell-offs and defensive stands.

And now, with BTC majestically vaulting above that threshold of $114,000, the specter of immediate panic selling has sadly gone to lunch. ShayanMarkets assures us:

“Should our Bitcoin friend manage to cling dearly to this lofty perch, mid-term holders will regain their swagger, unleashing a bullish charge toward new peaks. Fail, however, and the mood could sour faster than a bowl of borscht left out in the sun, ushering in a corrective slide.”

The Rocky Road of Bitcoin’s Journey

Meanwhile, Gaah, another seer of the CryptoQuant clan, points us to the capricious moods of short-term holders (STH) through the lens of their Spent Output Profit Ratio (SOPR), all dressed up in a 30-day moving average. After four moons of ceaseless optimism above the break-even line, these fickle speculators are apparently starting to sell at a loss-a momentary loss of confidence, if you will. Imagine the poor souls biting their nails and mumbling “what doom awaits us?” as the price does a little dance.

Despite Bitcoin’s wild climb from $60,000 to a dizzy $125,000 in the past year, these short-term climbers have failed to reach the peaks of “extreme greed,” which traditionally signals a manic retail dance party. No such party took place this time; instead, it appears the sober institutional giants quietly propped up the ascent, like serious men in dark coats arranging a chessboard few can see.

Bitcoin data chart

Gaah further enlightens us: historical tops have only been crowned when the SOPR STH shows signs of extreme greed, an event yet to make its grand entrance this cycle. Hence, the long-term trend remains stubbornly bullish, and the current “loss realization” might just be a polite and healthy little dip along the way.

Of course, some learned analysts-ever the harbingers of gloom-warn us that Bitcoin might be teetering on the edge of its current cycle’s peak, threatening a September slump before resuming its bullish gallop come Q4 2025.

And yet, more optimistic (or simply more hopeful) souls predict that Bitcoin could jingle all the way up to $150,000 by Christmas. At this very moment, our hero trades near $115,050, up a modest 0.7% in the last 24 hours-hardly the stuff of legend, but enough to keep the dreamers dreaming.

Bitcoin coin image

Read More

2025-09-13 10:39