Glassnode: BTC Long-Term Holders Are Slowly Selling
Foresight News reports that glassnode posted an analysis on X stating that due to the lack of strong upward catalysts and the increased risk of short-term pullbacks, long-term BTC holders are slowly selling off. On-chain models show key support levels: the 0.95 SSD percentile is around $103,700, and the 0.85 SSD percentile is at $95,600. If profit-taking continues, these levels need to be monitored.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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