Good morning, friends! ☀️ We want to start today with an analysis of a very interesting metric.
According to data from Crypto Quant: ➡️ Long-term investors (from previous cycles) are selling BTC, but not on a large scale yet...
Long-term holders (LTH) have begun to realize net sales 🔽 right at the resistance level of $120,000, a historically significant psychological level.
This change suggests that some investors who held on during previous cycles may be starting to take profits.
So far, the magnitude of the profit-taking is not a cause for concern 😁. But there is one name to watch: Galaxy Digital. According to reports, 80,000 BTC were sold, and this is not a massive retail sale; we are talking about considerable volumes.
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🗣 Overall, I don't see anything critical in this. Especially considering that some of these funds have already been allocated to the altcoin market ✅.
As we have already mentioned, at this stage the interest of major players is shifting from BTC to #altcoins.
