Title: btc finally break 80k (I entered at 95k)

seeing btc finally break 80k is a relief. I entered at 95k and have just been waiting for a real recovery. The recent on chain data makes this breakout look interesting though.

btc just absorbed a massive spike in realized profit taking at the 80k mark instead of selling off. that usually means old holders are cashing out and new money is stepping in at current levels, which raises the average entry price across the network. Those new buyers are way less likely to panic dump on a routine pullback cuz they just got here. Also, that $207 million profit print is only a one-month high. real cycle tops usually see realized profit events in the multiple billions before rolling over.

this lines up with the options market too. Traders are still paying a premium to protect against a drop, showing broader caution, but there's a lot of demand for cheap call ratio trades. sophisticated flow is positioning for a steady grind higher instead of an explosive pump. Of course, macro factors, like Iran and U.S. tensions, might ruin the setup.

for current strategies, i mostly stick to a dca bot on bydfi. when it gets choppy I set up a grid bot. I will keep holding even when price passes my entry.

i also see people claiming btc will past the previous 126k ath. Do you still have confidence in that? and what's your reasoning for it, is it just the 4-year cycle?