Bitcoin nears $80K, risking profit-taking as short-term holders turn profitable again.

Bitcoin's price has risen to around $77.8K, approaching the $80K level where many holders might start taking profits. The average cost basis for active investors is about $85K, while short-term holders have recently become profitable again, signaling a potential market turning point. However, the rally shows signs of weakness, with fewer aggressive buyers driving the price up, suggesting the move may be fragile and driven more by a lack of sellers than strong demand. This dynamic could lead to volatility or a pullback if profit-taking intensifies.