Is Bitcoin approaching a local top? – Traders, here’s what to expect

By: ambcrypto|2025/05/15 20:15:05

Long-term holders are trimming BTC positions, while short-term traders ride momentum. Despite consolidation near $102K, bullish sentiment holds. After months of quiet belief, long-term holders are finally starting to trim their positions – just as short-term traders ride a wave of profits sparked by Bitcoin’s [BTC] surge. With BTC now well over the $100K mark, market momentum is undeniable. LTH spending is rising, STH SOPR remains above 1, and the broader mood feels bullish. But growing profit-taking could soon test the market’s resilience. Early signs of distribution After a steady accumulation phase that saw LTH supply climb from 13.66 million BTC in mid-March to a peak of 14.29 million BTC, the trend has quietly reversed. Source: Glassnode May has recorded two consecutive declines in long-term holder (LTH) supply, alongside a rise in LTH spending to 0.43—a significant increase. These subtle shifts often signal approaching local tops, as seasoned holders start taking profits before broader market movements. With Bitcoin now trading above $100K, these inflection points warrant close monitoring. STHs back in profit Since the 8th of May, STHs have re-entered profit territory as Bitcoin surged past $99K. Their SOPR has consistently held above 1, signaling that recent sellers are locking in gains. This is a key indicator of bullish momentum: when STHs are in profit, they’re less likely to panic sell and more inclined to ride the trend. Source: CryptoQuant As SOPR climbs toward 1.03, potential sell pressure builds – but so far, there’s little sign of aggressive distribution. Instead, sentiment suggests a market still gaining traction. Price action cools, but momentum holds Bitcoin traded at $102,706 at press time, down 0.83% on the day – a slight cooldown after its recent run above $103K. The RSI was at 66.47, bordering on overbought territory but not yet flashing warning signs of a reversal. Meanwhile, the OBV flattened following a strong April uptrend – hinting at waning conviction among buyers, but not outright weakness. Source: TradingView While the daily candles show consolidation, the broader structure remains bullish. As long as BTC holds above the $100K psychological support, the path of least resistance remains upward – though further gains may require fresh buying volume. Share Share Tweet

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins