Bitcoin Rally Sparks Long-Term Holders To Cash Out 2B in Gains
The latest Bitcoin rally nears the 100,000 milestone, igniting long-term holders to realize over 2 billion in daily profits. Over 507,000 BTC changed hands during this period, indicating a significant distribution effort among investors. Notably, most selling pressure originated from coins held between six months and one year, suggesting a decisive move from long-term holders. This activity highlights changing investor sentiment and strategy as market conditions evolve. As the rally continues, the potential for further price action remains a focal point for market participants.