Odaily News Glassnode published an analysis stating that due to the lack of strong rise catalysts and the increasing risk of short-term pullbacks, BTC long-term holders are slowly selling.
On-chain models show key support levels: the 0.95 SSD quantile is located at around $103,700, and the 0.85 SSD quantile is at $95,600. If profit-taking continues, these levels need to be monitored.
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Glassnode: BTC long-term holders are slowly selling.
Odaily News Glassnode published an analysis stating that due to the lack of strong rise catalysts and the increasing risk of short-term pullbacks, BTC long-term holders are slowly selling. On-chain models show key support levels: the 0.95 SSD quantile is located at around $103,700, and the 0.85 SSD quantile is at $95,600. If profit-taking continues, these levels need to be monitored.