Investors Should Track These Indicators as Bitcoin Breaks $125K

Coinspeaker2025/10/04 16:00

By:By Wahid Pessarlay Editor Kirsten Thijssen

Bitcoin reached a new all-time high amid increased market confidence, but strategic investors will need to monitor key indicators from long-term holders closely.

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Key Notes

Bitcoin reached a new record price of $125,559.
The global crypto market cap touched a new ATH of over $4.26 trillion.
Long-term holders have been selling Bitcoin since mid-June.

The volatile crypto market has been rising alongside gold, which is a preferred investment choice in times of uncertainty, with Bitcoin ( BTC ) reaching a new all-time high.

The US government shutdown triggered a shift from the US dollar to safe-haven assets, such as gold and Bitcoin, as investors anticipated a declining USD value.

Gold reached a record high of $3,897 per ounce on Oct. 2. Similarly, Bitcoin broke to a new ATH of $125,559 early on Oct. 5, with a market cap of almost $2.5 trillion.

Bitcoin currently has a 58.5% market dominance over the sector’s $4.26 trillion market capitalization, according to data from CoinMarketCap. The CMC fear and greed index is still hovering in the neutral zone.

Are Long-Term Holders Selling?

Bitcoin’s rise was mainly triggered by short-term investors. For instance, the US-based spot BTC exchange-traded funds recorded $3.24 billion in net inflows last week.

This pushed the total inflows of these investment products above the $60 billion mark.

Another catalyst could be the expectations of what the community calls “Uptober” — referring to a potentially bullish October , triggering FOMO among investors.

On the other hand, the Bitcoin long-term holder supply has been on a downtrend since mid-June. According to data from Coinglass, the LTH supply fell from 15.92 million BTC on June 15 to 15.32 million BTC on Oct. 3.

Investors Should Track These Indicators as Bitcoin Breaks $125K image 0

Long-term Bitcoin holders have been selling since mid-June | Source: Coinglass

The LTH supply shows that the market confidence in Bitcoin’s future value has been decreasing, as some investors might be expecting a major price correction.

Moreover, Coinglass data shows that the Bitcoin Net Unrealized Profit/Loss indicator rose from 0.51 to 0.56 last week.

While the NUPL is still in the neutral zone, its rise to the 70 mark could trigger profit-taking among investors, leading to a market correction.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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