Bitcoin recently surged to a historic milestone, briefly surpassing the $100K mark and reaching an all-time high of $103,600. However, maintaining this level has proven challenging, sparking discussions about the sustainability of the current rally.
Key Market Trends
Long-Term Holders Taking Profits
- Realized Gains: Data from CryptoQuant reveals Long-Term Holders (LTHs) — with an average buy-in price of $23.4K — are capitalizing on 326% profits.
- Market Impact: While profit-taking reflects confidence, it may also introduce short-term resistance, historically slowing bullish momentum.
👉 Why are Bitcoin whales selling now?
Strong Demand Amid Supply Absorption
Despite LTH sell-offs, new investors are actively absorbing the supply:
- Retracement Minimal: Bitcoin has only seen a 10% pullback post-$100K breakout, signaling robust demand.
- Bullish Indicators: Metrics shared by analyst Axel Adler highlight sustained buying pressure, with fresh capital offsetting LTH sales.
Bitcoin’s Battle at $100K
After three failed attempts to hold above $100K, BTC trades at **$98,500**, reflecting heightened volatility. Potential factors include:
- Whale Activity: Large-scale profit-taking after the rally from $60K.
- Psychological Barrier: The $100K level tests investor sentiment, with consolidation above it likely confirming bullish continuation.
Chart Reference: BTC/USDT price action (TradingView)
FAQs
Why are long-term holders selling Bitcoin?
LTHs are locking in gains (average 326% returns) as prices near all-time highs, a typical strategy during bull cycles.
Will Bitcoin’s price drop further?
Short-term volatility is expected, but strong demand from new investors suggests downside may be limited.
What’s next for BTC?
A sustained break above $100K could pave the way for new highs, while failure may lead to consolidation between $90K–$100K.
👉 How to spot Bitcoin’s next breakout
Conclusion
The interplay between LTH profit-taking and new investor demand underscores Bitcoin’s dynamic market phase. While $100K remains a critical test, underlying strength indicates potential for further upside.
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Keywords: Bitcoin, long-term holders, $100K, profit-taking, demand, volatility, CryptoQuant, bull run
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