#MarketNewHype

Long-Term Investors Sell Bitcoin

🔸 As the price of Bitcoin continues its upward trend and has reached a new record of $106,260, on-chain data shows that long-term Bitcoin holders have started to sell their holdings.

🔸 This market behavior is similar to the behavior observed during the price peaks of the 2021 bull cycle. Ali Martinez, a prominent cryptocurrency analyst, stated that this unexpected selling by long-term holders often accompanies market peaks. However, some analysts still have a bullish view.

🔸 Captain Faibik has predicted that Bitcoin could soon reach its next target between $113,000 and $115,000. Despite reaching a new record, Bitcoin has currently corrected to $105,013. These trends suggest that the market may be nearing its peak, but there is still the possibility of a final bullish rally.