The price of Bitcoin has risen to nearly 123000, a historical high, but the market presents an interesting phenomenon: the realized profit levels have significantly declined. This seemingly contradictory situation may actually indicate that the market has further room for growth.

Historical data shows that whenever realized profits peak, it often triggers large-scale sell-offs. However, the current situation is quite the opposite. Despite prices nearing new highs, the level of realized profits is relatively low. This unique market dynamic may indicate that we are in an unusual phase.

Based on these observations, market analysts generally believe that Bitcoin may experience a slight pullback in the short term, but is likely to see a more significant rise thereafter. This prediction is based on the currently relatively low level of realized profits, indicating that most investors have not yet gained substantial profits, thus the likelihood of a large-scale sell-off is low.

However, investors still need to remain cautious. The high volatility of the cryptocurrency market means that situations can change rapidly. Although current data supports an optimistic outlook, external factors such as regulatory changes, macroeconomic events, or technological breakthroughs can significantly impact market direction.

Overall, the current market conditions provide a unique growth opportunity for Bitcoin. The combination of low profit margins and high prices suggests that the market may not yet fully reflect Bitcoin's potential value, which could pave the way for future price increases. However, investors should consider multiple factors when making decisions, rather than relying solely on a single indicator.