šØ 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 ādiamond handsā investors holding BTC for 155+ days are accelerating their profit-taking.
Yeahā¦ even the OG HODLers said āwe ball, but responsiblyā and started distributing bags.
Glassnode data shows LTH supply dropping fast. Translation?
The āunshakeableā cohort is booking profits like itās FY-end closeout season.
š” 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:
š Is this just a temporary breather, or are we sliding into a longer bearish phase?
Stay sharp, stay informed, and yeahā¦ keep your risk dashboards green, fam.
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