๐Bitcoin Hodlers Sitting on 350% Gains โ Is a Sell-Off Coming?๐
๐จ As BTC approaches the $100K mark, long-term hodlers are nearing unrealized profits of ~350% โ a level that has historically triggered major sell-offs.
๐Key Points:
๐ Long-term holders (LTHs) could begin profit-taking soon โ theyโve done it at similar levels in past cycles.
๐ธ Order book data shows weaker buy walls, suggesting bulls may struggle to keep momentum alive.
โ ๏ธ If sell pressure rises near $100K, we could see a sharp correction.
Still bullish? Stay cautious. Watch those key levels and prepare for potential volatility.