🚀 Bitcoin is making a scene again! Long-term holders (LTHs) are making a huge profit, reaching $2.02 billion per day, an all-time high! 🎉

- Since September, LTHs have released 507,000 BTC, making the market even more crowded. Although less than the 934,000 BTC sold at the beginning of the year, this is still an aggressive move.

- According to Glassnode, this is important for price discovery, because large supplies are circulating again. Usually, profit-taking moments like this make demand come in strongly, maintaining upward momentum.

- Interestingly, coins held for 6 months-1 year are the cause of selling pressure, contributing 35% of the total profit. They are investors who are smart enough to take profits after the launch of the Bitcoin ETF last January.

- Bitcoin almost touched $100K, but returned to $96K. There is an "air gap" below $88K, making the price vulnerable if demand weakens.

So, will Bitcoin break through $100K or will it drop to $88K? Let's write your opinion in the comments column!