{"id":37556,"date":"2025-07-17T22:01:32","date_gmt":"2025-07-17T22:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37556"},"modified":"2025-07-17T22:01:32","modified_gmt":"2025-07-17T22:01:32","slug":"bitcoin-sth-nupl-shows-no-sign-of-overheating-137k-could-trigger-mass-selling","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37556","title":{"rendered":"Bitcoin STH NUPL Shows No Sign Of Overheating: $137K Could Trigger Mass Selling"},"content":{"rendered":"
\n

Bitcoin is trading just under the $120,000 level after reaching a new all-time high of $123,200 on Monday. The slight pullback is viewed by many investors as healthy consolidation above key demand zones, rather than a signal of weakness. Bullish momentum remains intact, with strong technical structure supporting expectations of a continued rally in the near term.<\/p>\n

On-chain data from CryptoQuant adds confidence to the bullish outlook. As of July 17, 2025, the Short-Term Holder Net Unrealized Profit\/Loss (STH NUPL) metric sits at 13%, down slightly from 16% when Bitcoin last peaked. This indicates that the majority of short-term holders are sitting on moderate profits, but not at extreme levels that typically signal speculative euphoria or imminent market overheating.<\/p>\n

The combination of stable price structure and healthy on-chain behavior points to a market still in the process of building higher, rather than topping out. With Ethereum and altcoins also gaining strength and broader sentiment turning positive, Bitcoin<\/a> appears well-positioned for its next major move.<\/p>\n

Bitcoin Data Signals Room For Further Upside<\/h2>\n

According to top analyst Axel Adler, Bitcoin still has significant room to run before reaching a level of speculative overheating. In previous macro cycles, Adler notes<\/a> that the Short-Term Holder Net Unrealized Profit\/Loss (STH NUPL) metric reaching 25% has consistently marked the peak of euphoria among short-term holders. At that point, many investors began massively taking profits, often triggering a loss of momentum or a broader correction across the market.<\/p>\n

\"Bitcoin<\/p>\n

As of July 17, 2025, STH NUPL stands at 13%, indicating that unrealized profits among short-term holders remain moderate. Based on current dynamics, Adler estimates that for this cohort to reach a 25% unrealized profit level, Bitcoin would need to break above $137,000. That price level now represents a potential trigger point for mass selling\u2014a psychological and on-chain threshold that could lead to increased volatility or a cycle pause.<\/p>\n

Until then, the data suggests there is room for continued bullish price action without fear of immediate profit-taking pressure. This comes at a crucial time, as the US Congress continues to deliberate on three major cryptocurrency bills during what has been a tense and uncertain \u201cCrypto Week.\u201d After rejecting the proposals over the past two days, the next sessions may either ease regulatory uncertainty or prolong it.<\/p>\n

Bitcoin Holds Key Support Amid Rising Volume Surge<\/h2>\n

The 12-hour chart shows Bitcoin consolidating just below $120,000 after recently setting a new all-time high at $123,200. Despite the brief retracement, BTC remains in a strong bullish structure, trading well above all key moving averages: the 50 SMA at $110,602, the 100 SMA at $108,105, and the 200 SMA at $102,178. These levels now act as dynamic support zones, underlining the strength of the ongoing trend.<\/p>\n

\"BTC<\/p>\n

Notably, volume has spiked significantly over the past few sessions, with back-to-back high-volume candles accompanying both the move to new highs and the subsequent correction. This surge in volume suggests elevated market activity, likely reflecting a mix of profit-taking and new inflows from traders positioning for further upside.<\/p>\n

So far, the consolidation appears healthy. As long as Bitcoin holds above the short-term moving averages and $109,300, the market structure favors the bulls. A clean reclaim of $120K would open the path for another attempt at new highs, possibly targeting the $130K\u2013$137K region.<\/p>\n

Featured image from Dall-E, chart from TradingView<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is trading just under the $120,000 level after reaching a new all-time high of $123,200 on Monday. The slight pullback is viewed by many investors as healthy consolidation above key demand zones, rather than a signal of weakness. Bullish momentum remains intact, with strong technical structure supporting expectations of a continued rally in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37556","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37556"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37556\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}