Long-term owners (LTH) don't see $90K as a barrier, but a profit-locking zone. Some of them have been in the market for many years and see this as the first stage to sell.

The MVRV index shows that the average profit per bitcoin is now 2.5, which translates to about 150% profit on paper. This indicates balance and readiness for further growth to $100K.

LTH inventory is down a bit, but this is easily offset in a hot market with trading volumes of $7.5 billion/day. ETFs actively absorb all coins traded.

LTH can be divided into two categories: beginners who buy between 6 months and 1 year, and "smart money" who sell at market peaks. The former see $90K as the optimal output, while the latter expect higher profits.