Bitcoin metric indicates ‘euphoria’ at $112,500 BTC price, attracting new investors

Bitcoin has reached a crucial price point of $112,500, acting as both support and a potential resistance due to fluctuating BTC dynamics. According to CryptoQuant, current market conditions reflect speculative behavior as investments surge, potentially leading to a newfound accumulation phase.

With approximately 97% of Bitcoin’s circulating supply in profit, investor confidence remains robust. However, a decline in short-term holder dominance might trigger the next phase of accumulation, signaling a steady transition back to long-term investments.