#btcgoinghigh

Watch Out Bitcoin Bulls – The $99.9K Test Could Be a Launchpad, Not a Ceiling

The crypto market is buzzing as Bitcoin edges closer to the psychologically and technically significant $99.9K level. While some analysts are raising concerns about increased sell pressure from long-term holders (LTHs), savvy investors see this moment not as a roadblock—but as a crucial validation phase in Bitcoin’s path toward six-figure territory.

Why $99.9K Matters

Glassnode data shows that LTHs, who typically hold BTC for over 155 days, tend to realize profits when their holdings reach approximately 350% in unrealized gains—right where BTC is hovering now. This could result in some profit-taking, adding short-term selling pressure.

But here’s the catch: This is not weakness—it’s healthy market behavior. Profit realization by long-term participants indicates maturity and confidence in the asset. It shows