🚀 Bitcoin’s First Real Test at $120K 🟠💰

$BTC is knocking on the $120K door — but some early cracks are showing. Long-term holders are starting to take profits, moving into net selling territory for the first time in a while. 📉

On-chain data hints at early-stage distribution, triggered by profit-taking and institutional rebalancing. The Galaxy Digital sale of 80,000 BTC 🔥 adds serious sell-side weight — and no, this isn’t retail panic.

📊 Open Interest has dipped slightly — more like a strategic breather than a mass exit. Big players are trimming risk, not fleeing the field.

Momentum is cooling (RSI at 59), and buying pressure has stalled — but bulls are still holding the line. 🐂⚡ With no heavy sell candles, this looks more like a pause before the next move than a breakdown.

💡 Bottom line: $120K is the first real battle zone. If whales keep selling, sentiment could flip fast. Until then, it’s a game of patience — and watching who blinks first. 👀