#OnChainInsights on-chain analysis reveals significant insights into the cryptocurrency market. Bitcoin's recent struggle to surpass the $100,000 threshold is partly due to long-term holders capitalizing on profits, leading to increased selling pressure. This behavior suggests a potential consolidation phase before any further upward movement. Additionally, the recent withdrawal of approximately $99 million from the LIBRA token's liquidity pool, following political endorsements and subsequent controversies, underscores the importance of monitoring on-chain activities for sudden large transactions. Traders should utilize on-chain metrics to assess market sentiment and make informed decisions.