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>>Bitcoin investors who’ve held their coins for extended periods sold a substantial 295,000 Bitcoin over the past month, yet the market has remained stable due to ongoing demand.

Bitcoin investors who’ve held their coins for extended periods sold a substantial 295,000 Bitcoin over the past month, yet the market has remained stable due to ongoing demand.

crypthub

about 11 hours ago

Bitcoin's Current Market Position

Bitcoin is experiencing heightened volatility and uncertainty after a period of strong momentum, fluctuating near its all-time high of $126,000. Bulls and bears are currently battling for control, creating indecision in the market and challenging its near-term direction. Analysts are divided, with some anticipating a price breakthrough and others cautioning about a potential short-term correction. The market’s next move is heavily influenced by its ability to maintain support above the $120,000 level.

Long-Term Holder Activity

Onchain data indicates that long-term Bitcoin holders are beginning to take profits, a typical behavior seen during market inflection points. This distribution is a gradual shift of coins from experienced investors to newer participants, which can increase market volatility. While not extreme compared to previous peaks, this selling activity demonstrates profit realization and a potential rotation of supply. Institutional demand and ETF inflows are currently offsetting much of the selling pressure.

Future Outlook and Key Support Levels

Bitcoin is consolidating within a healthy range after a powerful rally, with the 50-period moving average acting as support. The $120,000 level remains critical; a break below it could trigger deeper retracements, while reclaiming $123,000-$124,000 would signal renewed bullish momentum. Analysts are closely monitoring BTC's ability to break above $125,000 and enter price discovery territory.