đš BTC slips under $100K as Long-Term HODLers hit the eject button
Bitcoin just cracked down to $98K, and the on-chain tea is spilling hard. The so-called âdiamond handsâ investors holding BTC for 155+ days are accelerating their profit-taking.
Yeah⊠even the OG HODLers said âwe ball, but responsiblyâ and started distributing bags.
Glassnode data shows LTH supply dropping fast. Translation?
The âunshakeableâ cohort is booking profits like itâs FY-end closeout season.
đĄ Historically, bull markets stay healthy only if new demand steps in to absorb these waves of selling.
Now? Bitcoin tried to defend $100K but tapped out as selling pressure ramped up.
Big question on the table:
đ Is this just a temporary breather, or are we sliding into a longer bearish phase?
Stay sharp, stay informed, and yeah⊠keep your risk dashboards green, fam.
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