Bitcoin (BTC) Crosses a New Milestone as Every Tracked Wallet Enters Profit

Bitcoin crossed a new milestone as every tracked wallet entered profit while BTC traded above $109,00. This moment echoed previous cycle peaks

Key Insights:

* Every tracked Bitcoin wallet entered profit as the cryptocurrency traded above $109,000, marking a new milestone for the market.

* This moment, which occurred on May 21, was the first time since 2021 and 2017 that every wallet held BTC purchased below current prices.

* Historically, such readings signaled either peak euphoria or early signs of investor exit. However, exchange data showed the opposite trend.

* More than $915 million in USDC entered exchanges in recent days, suggesting new buying demand.

* CryptoQuant data confirmed that USDC inflows rose sharply in the past few months. These inflows often preceded bullish price moves.

Stablecoin Inflows Suggest More Buying Demand

As traders positioned capital to buy Bitcoin or other digital assets, they usually performed actions that suggested they were buying more Bitcoin or other assets.

Even with prices approaching their highest point, capital is still coming in. Exchange inflows usually happen before prices rise, and the fact that 100% of wallets are in profit shows that the momentum is strong.

image: BTC price is approaching crucial resistance levels. Source: Ali Charts

Next Price Levels

Since Bitcoin is at a record high, people in the market are looking at the next possible resistance points.

According to Ali Charts, the upcoming important targets are $116,000, $126,000, $136,000 and $148,000. The recent move above $106,000 is being driven by strong upward movement.

In the two months after hitting $76,000 in March 2025, Bitcoin has risen by over 40%. There is no sign yet that this movement is running out of steam based on SOPR or profit-taking data.

Despite all wallets being profitable, the market has not started to see widespread selling. In the past, bull markets showed a structure similar to what we see now before they reached their highest points.

At present, prices might rise more if sellers are resisted and stablecoin inflows help maintain demand.

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.