Six days above $100,000, and Bitcoin's not looking back. 

The king of crypto is showing us something we’ve seen before but never at these price levels.

Short-term holders are finally swimming in profit after this sustained level. 

Here's what's happening on the ground.

The Powerful Profit Picture

Checkonchain's numbers tell a strong story of those who believed big in Bitcoin at these levels.

Over 80% of short-term holders are in the green now, meaning they can cash out of a profit. 

That's a massive jump from earlier this month when 65% were underwater. Congratulations to those who HODL’d.

When short-term holders make money, they tend to hold longer, and that's good for everyone.

Is $100k here to stay? It’s still anyone’s guess when we’re this close to the line.

But Bitcoin researcher Axel Adler Jr sees something brewing. 

Trading has gotten wild on both sides – buying and selling have both hit new highs. 

The Volatility Index just peaked for the month, which means that FOMO is here, and it's bringing friends. Everyone wants a piece of crypto now.

Warning Signs Flashing Red?

Not everything is rosy and green candles, though. 

CryptoQuant's Darkfost spotted something worth watching. The STH-SOPR is officially turning negative. 

That means that some short-term holders are selling at a loss, even with prices this high. While the majority are in the green, some are throwing in the towel altogether. 

That could mean trouble is brewing under the surface of their otherwise good news.

The big ticket is that traders are watching three key levels. 

$95,000 to $90,000 first – Glassnode calls this the "critical zone" where buyers and sellers duke it out to see if Bitcoin’s price can hold. 

Then there's the $90,000 to $80,000 range that Mihir says could catch any falls. 

But if we break $87,700, then that could spell disaster. That's where the average short-term holder bought in, so if it sparks panic selling, then we could be in for some serious lows.

Good for those who believe in Bitcoin long term but scary for those who are just in it for a quick buck. Welcome to Web3 volatility. 

Reading the Tea Leaves 

Bitcoin above $100,000 may seem like the new normal, but markets can shake out weak hands. 

They bob and weave like Mike Tyson in his heyday, making for a formidable foe for any trader. 

Don’t worry, Darkfost sees a silver lining.

When short-term holders start selling at a loss, that's often when smart money starts buying.

The Final Say on Price

We're in uncharted territory. $100k Bitcoin is still a very new thing for the market.

Bitcoin may still be holding six figures like it's nothing, and short-term holders are mostly profitable, but some are still selling at a loss. 

That's the kind of mixed signal that keeps everyone up at night.

The next few days matter more than usual. 

If Bitcoin holds these levels, we might be looking at a new floor. If not? Those support zones we talked about are there for a reason.

The good news is that $100k Bitcoin is no longer just a fun conversational piece – it’s the new reality. Now, we're debating whether $87,700 is strong support. 

Welcome to the new crypto – new highs, same volatility.