Bitcoin Metric Shows ‘Euphoria’ as $112.5K BTC Price Squeezes New Buyers

Why It Matters

The signal raises the risk of a near-term correction, putting late entrants and leveraged positions at heightened vulnerability and potentially tempering fresh inflows into crypto markets.

Summary

Bitcoin’s price surge to about $112,500 has triggered a short-term holder squeeze and pushed a key supply-ownership metric into levels historically associated with euphoria and bull-market tops. New buyers are struggling to realize profits as on-chain data shows concentration and distribution patterns consistent with previous market peaks. The signal raises the risk of a near-term correction, putting late entrants and leveraged positions at heightened vulnerability and potentially tempering fresh inflows into crypto markets.