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Why is the price of bitcoin falling now and how will it continue?
The profit-taking by long-term holders acted as a drag on price momentum.
by Jesús Herrera June 5, 2025 Reading time: 7 minutes
Veteran investors take profits in bitcoin. Source: image generated by Dall-E, by OpenAI, for CriptoNoticias.
Veteran investors take profits in bitcoin.
Bulls face a test of their determination.
According to Glassnode, "the market seems to be at a crossroads".
In the last two weeks, bitcoin (BTC) reached a new all-time high of USD 111,800. However, this enthusiasm was curtailed, and at the time of this publication, it is trading around USD 103,000.
Bitcoin has broken a key support of USD 103,700 and may find a new firm floor at USD 95,600. This occurs in a context where old BTC hodlers are offloading their holdings. Now, the determination of investors who remain bullish now faces a critical test
