BTC Hodler Profits Surge, $100K Sell-Off Possible

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Bitcoin's more resilient hodlers are nearing what has been a classic profit-taking level in the past — will they copy history and start selling their BTC?

Bitcoin long-term holders are about to hit a level of unrealized profit, which has traditionally caused them to sell.

That level coincides with the return to a six-figure BTC price.

Order book data suggests that bulls may not succeed in keeping the upside going.

Bitcoin risks a “notable increase” in selling from its older investors if price rises further, warns onchain analytics firm Glassnode.

In the latest edition of its regular newsletter, “The Week Onchain,” researchers calculated that long-term holders (LTHs) are sitting on almost 350% unrealized profits.

Bitcoin sell-side odds in line for crucial test

Bitcoin at multimonth highs will tempt an increasing number of hodlers to take profits — including so-called “diamond hands.”

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