Bitcoin (BTC) is set to face its next significant test at $90,000 as traders approach potential profit-taking opportunities. Onchain analytics platform CryptoQuant predicts that reaching this level could lead to intensified selling activity, marking a natural pause in the current uptrend rather than a reversal.
CryptoQuant's latest report highlights that Bitcoin's realized price, the average acquisition price of BTC that last moved onchain between one and three months ago, is currently at $64,300. The upper band for profit-taking, set at $90,300, or 40% above the realized price, coincides with an onchain supply cluster around $88,000-$90,000. As price approaches this upper band, trader profit margins stretch, potentially intensifying selling activity.
The path between the current spot price of $86,000 and the profit-taking zone is largely clear, with no signs of returning to bear-market conditions. CryptoQuant analysts confirm the ongoing bull market, citing technicals, valuation, and onchain data all pointing upwards.
CryptoQuant CEO Ki Young Ju has noted that future Bitcoin price cycles are likely to be less extreme than previous ones due to a shift from retail to institutional ownership. This institutional ownership is expected to dampen both the upside and downside of price movements.
Ki Young Ju also pointed out that during the 2026 bear market, Bitcoin's market value to realized value (MVRV) ratio did not fall below its breakeven point of 1, indicating that the broader investor base remained in aggregate profit throughout. This contrasts with prior macro downtrends where MVRV ratios fell significantly below 1.
New capital inflows to Bitcoin have remained notably high this month. The US spot Bitcoin exchange-traded funds (ETFs) saw net inflows of $1.7 billion for the first two days of the week, with Monday's $999 million tally being the largest single-day total since October 2025.
This article is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
