Bitcoin continues to trade within a tight range between $105,000 and $125,000, as indicated by multiple on-chain valuation models. Despite recent volatility, the market is showing signs of consolidation within this band, which is becoming increasingly important as a structural boundary. A decisive breakout above the upper band could propel the asset toward a major milestone of $141,000. Over the weekend, Bitcoin faced a significant liquidity test as an early investor offloaded over 80,000 BTC, worth approximately $9.6 billion, via Galaxy Digital’s OTC services. This briefly drove the price down to $115,000 before rebounding and stabilizing at around $119,000, just under the all-time high. Despite the scale of the sell-off, the market demonstrated strong absorption capabilities, with over 97% of the circulating BTC supply remaining in the money. This creates a growing incentive for profit-taking should prices continue to rise, particularly if Bitcoin approaches the $141,000 level, which aligns with the +2σ standard deviation band of the Short-Term Holder (STH) cost basis. This zone has frequently marked periods of market euphoria and resistance in the past. Meanwhile, the STH cost basis band, which spans from $105,000 to $125,000, is acting as a magnet for price action, with investors heavily accumulating within this range. The Realized Profit/Loss Ratio has also surged, indicating a trend of profit-taking over loss realization. This often precedes market exhaustion but does not immediately trigger it. Bitcoin’s composite momentum indicator, based on short-term holder cohorts, continues to trend upward, further validating near-term bullish sentiment. However, if Bitcoin breaches the lower end of the current range, the light-volume “air-gap” between $110,000 and $115,000 could become a gravity zone for price retracement. While short-term dynamics suggest continued consolidation, the broader outlook hinges on whether Bitcoin can muster enough momentum to break above $125,000. A successful breakout could spark the next leg higher toward $141,000, but it would also need to overcome the growing supply of investors eager to lock in profits at those elevated valuations. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Tags: Bitcoin (BTC) Price Enjoy reading? Share with your friends Facebook Twitter according to SEO standards.
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