After making an all-time high of $112K, $BTC seems to have lost some steam. It’s now consolidating around the $110K mark. Data from CryptoQuant shows that this might be due to profit booking by new whale accounts.
These whale addresses have booked $3.21B in profits as compared to only $679M by older wallets. Since April 20, 82.5% of profits booked in $BTC belong to newer wallets. The average cost of those booking profits is around $91.9K.
It seems like new Bitcoin investors who ‘bought the dip’ during the first quarter of this year are now taking home some profits, while long-term investors are still holding $BTC close to their chest.
Read on as we discuss more about this recent Bitcoin activity. We’ll also suggest a couple of the best presales you can buy right now to benefit while $BTC is still up.
Calm Before the Storm
Even though Bitcoin is under $110K at the time of writing, there are several reasons to be positive about its long-term prospects. For instance, Trump has postponed reciprocal tariffs on the EU until June 9, providing some relief.
Bitcoin’s options Delta skew currently stands at -6%, which means market participants are preferring calls over puts, indicating bullish sentiments.
A skew closer to 0 indicates balance between calls and puts, while a skew lower than 0 is a trademark of bullish markets.
Additionally, corporations are racking up Bitcoin by the minute. Michael Saylor’s Strategy acquired $427M worth of $BTC on May 19 and May 25 at an average price of $106.2K. Clearly, the demand for Bitcoin hasn’t subsided even after it breached $105K.
What’s more, JP Morgan will now allow its clients to purchase spot Bitcoin ETF. This could mean that a sizable portion of the bank’s $6T deposits might be converted into $BTC.
The bottom line, therefore, is that $BTC has seen a huge rally (from $75K to $112K) in a span of just around 45 days. So, it’s quite natural for short-term investors to book some gains at this level.
After all, it’s a nearly 50% upward move. Plus, the token happens to be around its previous all-time high, which is always a cautionary level.
However, long-term investors aren’t yet selling their holdings, which is just what long-term Bitcoin supporters might want to hear.
With all factors in favor of Bitcoin, we may soon see the asset breach $112K and make a new all-time high. If you want to catch the gravy train, here are some of the best altcoins to buy now.
1. BTC Bull Token ($BTCBULL) – Best Presale to Buy Now to Support Bitcoin
BTC Bull Token ($BTCBULL) is our top suggestion today thanks to its never-before-seen approach to airdrops. Instead of giving out its own tokens for free, the developers have decided to hand out free (and real) $BTC.
So, if you’re a $BTCBULL holder who has stored their tokens in Best Wallet, you’ll automatically receive $BTC every time the king cryptocurrency reaches a new milestone – $150K and $200K, to be precise.
In addition to receiving ‘digital gold’ as a reward for holding, BTC Bull Token investors also stand to benefit from potential gains in the token’s value, just by buying and holding through Best Wallet.
According to our $BTCBULL price prediction, the token could surge past $0.0497 by the end of 2030, generating around 2,000% returns in less than five years.
Another reason for such brain-melting numbers is BTC Bull Token’s burn mechanism. The project will shave off a part of the total token supply every time Bitcoin’s price rises by $50K.
In a $BTC bull run, where crypto traders will want to buy $BTCBULL for its free Bitcoin airdrops, this will contract supply and shoot up the token’s demand and price.
You can buy BTC Bull Token now for just $0.00253, seeing as the project is currently in presale. It has raised over $6.4M at the time of writing and is comfortably among the best new meme coins on presale going around.
2. MIND of Pepe ($MIND) – Best Meme Coin Presale for Real-Time Crypto Investment Advice
MIND of Pepe ($MIND) is an AI agent that helps you identify the next cryptos that will explode. To gain access to $MIND’s real-time crypto investment advice, you have to become a token holder.
With a $BTC bull run on the horizon, there’s little doubt that the ‘digital gold’ is one of the best cryptos to buy now. However, the biggest opportunity for gains lies in the meme coin market that’s constantly serving up one winner after another.
$MIND works by studying current social trends and market sentiments by interacting with the crypto community on online platforms like X.
It engages in context-aware crypto-related conversations, understanding the market’s biases, and then mixes live on-chain data from sources like CoinMarketCap and DexScreener to discover which cryptos are about to trend big time.
As a $MIND token holder, you’ll also receive early-bird access to the cryptos created by this AI agent. And, of course, you’ll benefit from an increase in $MIND’s price, which is predicted to shoot up 930% and reach $0.035 by 2030.
So, if you’re interested in becoming a profitable crypto investor, buy $MIND today. Each token is available for just $0.0037515. Hurry up, though, because the presale ends in less than 4 days!
3. Bitcoin Pepe ($BPEP) – New Project Creating Debut Meme L2 on Bitcoin
Bitcoin Pepe ($BPEP) is a fascinating new crypto aiming to create the first-ever meme Layer-2 network on Bitcoin, the largest blockchain in the world.
At the time of writing, almost all of the best meme coins are based on Solana, and for good reason. After all, Solana is both fast and affordable.
Well, Bitcoin Pepe wants to bring all of Solana’s benefits to Bitcoin. It will, in fact, combine Bitcoin’s unmatched liquidity and security with Solana’s speed and low fees to create a house party for meme coins on Bitcoin itself.
Self-proclaimed as the ‘World’s Only Bitcoin Meme ICO,’ $BPEP is currently in presale, where it has raised a whopping $11.6M.
If you want to become an early investor in Bitcoin Pepe, you can do so for just $0.0377 per token. However, keep in mind that the presale is ending in less than 4 days from now.
Join the Best Presales for Maximum Gains – But DYOR
With presale cryptos like BTC Bull Token ($BTCBULL) and MIND of Pepe ($MIND) in your portfolio, you put yourself in a great position to ride the broader crypto market’s growth.
However, as is usually the case in crypto, your investments are subject to the market’s mood, which we all know is highly volatile and unpredictable.
So, invest only what you can afford to lose and do your own research before jumping in. This article isn’t financial advice, after all.
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