Glassnode posted an analysis saying that long-term BTC holders are selling slowly due to the lack of a strong upside catalyst and the increased risk of a short-term pullback.
The on-chain model shows key support levels: the 0.95 SSD sub-check point is at around $103,700, and the 0.85 SSD sub-check point is at $95,600. If profit-taking continues, these levels need to be watched.
Glassnode: BTC long-term holders are selling slowly
2025-06-06 13:10:45
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