Bitcoin Warnings Issued by Analytics Firm: Potential Sell-Off Zones Identified - Check Out the Markets' Predicted Levels
In the ever-evolving world of cryptocurrency, the big question on everyone's mind is whether Bitcoin will finally break through the almighty $100k barrier. Here's what the experts are saying.
Historical Trends
According to crypto analytics firm Glassnode, long-term holders (LTHs) - those entities who have held their Bitcoin for at least six months - may soon start selling their BTC as it nears the $100k mark. Historically, these LTHs tend to start distributing more aggressively when the unrealized profit margin hits 350%, aligning with a BTC price of around $99.9k.
As the market gets closer to this level, expect increased sell-side pressure. High demand will be essential to absorb this potential selling wave.
Recent Market Trends
Despite the potential selling pressure, Glassnode reports that LTHs have been steadily accumulating Bitcoin since it broke the $90k mark late last month. This points towards a possible surge towards the $99k level in the near future.
It's also worth noting that light spending by LTHs suggests renewed confidence and a lack of urgent desire to de-risk at the current prices.
What Lies Ahead?
If Bitcoin can manage a clean break through this key resistance zone, it could pave the way for new all-time highs and further price discovery. However, it's important to consider that a substantial amount of BTC was acquired between $95k-$98k, meaning some holders might start exiting at breakeven points. This, combined with rising LTH profits, creates a significant resistance barrier for Bitcoin to surmount.
So, while there's potential for Bitcoin to reach new heights, it will be a bumpy ride. Stay tuned for updates as the situation develops.
[1] Don't Miss a Beat - Subscribe to get email alerts delivered directly to your inbox[2] Check Price Action[3] Surf The Daily Hodl Mix[4] Follow us on X, Facebook, Telegram[5] Glassnode - https://glassnode.com/research
Industry News
Pepeto Launch on Exchange Following Presale Wrap-Up and Platform Milestones
[Date]
BC.GAME Launches Phase 2 of Social Mining Campaign, Expanding Ecosystem Engagement with $BC Token[Date]
KuCoin CEO BC Wong Joins Industry Leaders at TOKEN2049 - Highlights Path Toward a Safer, Smarter Crypto Future[Date]
aZen Secures $1.2 Million Seed Round and Web 3.0 Grants To Build DePIN for Ubiquitous AI After Onboarding 600,000 Users[Date]
Bitcoin Seoul 2025 To Host Global Industry Leaders for Asia's Largest Bitcoin-Focused Conference[Date]
FLOKI and Rice Robotics Launch AI Companion Robot With Token Rewards[Date]
STEPN and the Argentina Football Association Announces Their Latest NFT Drop[Date]
Spotlight
Bitcoin Setting Up for Break of All-Time Highs As Capital Flows Into BTC Ramp Up, Says Analyst Willy Woo[Date]
Trump's World Liberty Financial Signs Agreement With Pakistan Government To Promote Crypto Innovation: Report[Date]
Here's How Bitcoin Could Boost Demand for US Treasuries, According to Macro Guru Luke Gromen[Date]
Bull Run Setup Forming for Bitcoin Amid Significant Accumulation From Two BTC Investor Cohorts, Says Swissblock[Date]
Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.
Categories
Bitcoin • Ethereum • Trading • Altcoins • Futuremash • Financeflux • Blockchain • Regulators • Scams • HodlX • Press Releases
In the ever-evolving cryptocurrency landscape, altcoins like Pepeto and others could potentially follow Bitcoin's lead as it approaches new all-time highs, considering its recent price action and the accumulation of BTC by long-term holders. Meanwhile, as Bitcoin tries to break through the $100k barrier, expert analysts like Willy Woo anticipate a bull run setup, suggesting increased capital flow into BTC, which could boost demand for related assets such as US Treasuries and even usher in a new era for finance, including crypto and web 3.0.
