### **๐ฐ Will Bitcoin HODLers Sell When the Price Hits $99,900?**
#### **๐ Glassnode Analysis:**
- **Long-Term Holders (LTH)** (holding BTC >155 days) **start profit-taking when profits reach 350%**.
- **Critical level**: **$99,900** (based on *realized price* of LTH).
- **Currently**: BTC at **$96,500** (+4% this week), LTH have not sold much.
---
### **๐ On-Chain Data:**
- **LTH Supply increased by 254,000 BTC** in 2 months โ Many STH (short-term holders) are transitioning to LTH.
- **Previous profit-taking phase**: LTH sold during the major rally of 2023.
- **If BTC breaks $99.9K**: Potential **sell pressure increases** from long-term HODLers.
---
### **๐ก What Does This Mean for Traders?**
โ **Bullish short-term**: LTH still holding โ less selling pressure.
โ ๏ธ **Caution at $99.9K**: Profit-taking could trigger a correction.
๐ **Next target**: If strong breakout, could continue to **$100K+**.
**#bitcoin #HODL #Glassnode #crypto #BTC **
๐ฌ **Your prediction?** Will LTH sell massively at $99.9K or hold longer? Comment below! ๐