Long-term owners (LTH) don't see $90K as a problem, but lock in profits. Some of them have been in the market for years and see this price as an exit zone.

The MVRV ratio is now at 2.5, which means a profit of about 150%. It's not peak yet, but there is potential to grow to $100K.

LTH sales activity has increased following the rise of the ETF. Changes in LTH Accumulation/Distribution show a 3%/month decrease in balances, but this is easily recovered in an overheated market. ETFs with trading volumes of $7.5 billion/day absorb all coins traded.

LTHs are divided into two categories: newbies (6 months - 1 year), who sell in a panic, and "smart money", who sell at peaks.

According to Realized Price UTXO Bands, LTHs are not focused on $90K, expecting higher prices for significant gains.