@Sakura please summarize this article, thanks uwu.
TLDR:
Bitcoin’s market showed resilience during a significant sell-off, absorbing over $9.6B in sell-side pressure while maintaining strong unrealized profits among investors. 
Key Points:
- Major Sell-off: Over 80k BTC (~$9.6B) was distributed, testing Bitcoin’s liquidity.
- Price Stability: Despite the sell-off, Bitcoin’s price stabilized around $119K, just below its all-time high.
- Unrealized Profits: 97% of circulating supply remains in profit, totaling over $1.4T in unrealized gains.
- Market Range: Bitcoin is currently range-bound between $105K and $125K, with potential resistance at $141K.
- Long-Term Holders: They still hold a significant portion of Bitcoin’s wealth, indicating potential for future distribution.
In-depth summary:
Over the weekend, Bitcoin faced a significant liquidity test as a large early investor distributed over 80,000 BTC through Galaxy Digital’s OTC services. This massive sell-off, amounting to approximately $9.6 billion, initially drove the price down to $115K but quickly stabilized at around $119K, just below its all-time high. The market’s ability to absorb this sell-side pressure demonstrates its structural robustness, with a supermajority of investors still holding unrealized profits.
Currently, over 97% of Bitcoin’s circulating supply is in profit, amounting to a staggering $1.4 trillion in unrealized gains. This indicates a strong sentiment among investors, as many are sitting on substantial paper profits. The market remains range-bound between $105K and $125K, and a decisive breakout above this range could lead to a move towards $141K, where increased sell-side pressure is expected due to high unrealized profits.
The report also highlights the behavior of long-term holders, who still retain a significant share of Bitcoin’s wealth, currently at 53%. This suggests that there may still be room for additional distribution as prices rise. The analysis of Bitcoin’s cost-basis distribution indicates a concentration of investor cost basis levels around $117K-$122K, marking a critical area to watch for potential support in case of a price pullback.
ELI5:
Bitcoin had a big test when a lot of it was sold at once, but the price didn’t drop too much and stayed strong. Most people who own Bitcoin are still making money, which is good! Right now, Bitcoin’s price is bouncing between $105K and $125K, and if it goes higher, it might hit $141K. Many long-term holders still have a lot of Bitcoin, which means they might sell some if the price goes up more.
Writers main point:
The primary point of the article is to emphasize Bitcoin’s resilience in the face of significant sell-side pressure, highlighting the strong unrealized profits among investors and the current market dynamics that could influence future price movements.