Bitcoin News
By Maheen Hernandez
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Bitcoin (BTC) is facing renewed pressure as profit-taking among mid-cycle holders intensifies, fueling a significant pullback from recent highs.
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Data from blockchain analytics firm Glassnode reveals that Bitcoin holders who have maintained their positions for between 6 to 12 months—the so-called mid-cycle buyers—are…
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This recent profit-taking wave is not evenly distributed across all investor segments. Long-term holders (LTHs), those who have held Bitcoin for more than a year, appear to be…
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This behavioral divergence between mid-cycle buyers and long-term holders is becoming increasingly evident in Bitcoin’s price movement.
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The immediate impact of this selling pressure was reflected in Bitcoin’s price, which slipped from $108,990 to a low of $106,853 in less than 24 hours.
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What this means for Bitcoin going forward is a period of likely consolidation. If newer coins continue to flood the market, pushing prices lower while long-term holders stay on…
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Still, the lack of panic selling among seasoned holders is a positive sign for Bitcoin’s long-term outlook.
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Ultimately, Bitcoin’s path will depend on whether profit-taking from recent buyers slows and whether market sentiment shifts toward accumulation again.
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