New Holder Sales, Bitcoin Reconsiders! 💰📉
Sell pressure on BTC is increasing!
In one day, new holders (6–12 months) realized profits of up to $904 million, contributing 83% of the total daily selling activity. The effect? The price of Bitcoin dropped from $108,990 to $106,853 and has returned to a consolidation phase.
Interestingly, long-term holders (12+ months) are becoming calmer. Their selling activity has drastically decreased, a sign that they are increasingly confident and choosing to HODL despite the volatile market.
As long as this profit-taking action continues, BTC is predicted to move sideways in the range of $103K–$105K. But if the sell pressure starts to ease, the chances of a breakout could open wide! 🚀
📉 Current BTC: $104,927 (down 2.4% in the last 24 hours).
Do you think this is just a healthy retrace or a signal of a deeper correction?
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