🚀 #Bitcoin is making "diamond hands" consider selling as analysis shows that institutional buying is needed to support the upward trend.

- Data from Glassnode: Long-term holders (LTH) are reducing their BTC.

- Long-term holders have sold the most since April, with 245,000 BTC in the past 30 days.

- Crypto analyst Miles Deutscher: Significant buying pressure from ETFs is needed to balance the selling trend.

💡 Bitcoiners are experiencing significant unrealized profits. MVRV is near the previous peak, which could lead to new selling pressure.

- Glassnode: The market could maintain an "overheated" state if there is enough capital flow to absorb the selling pressure.

What do you think about this trend? Comment below! 💬 #Crypto #BTC #Blockchain