In a market report on November 16, CryptoQuant contributor Percival pointed out that not all long-term Bitcoin holders (LTH, i.e. addresses that hold coins for 155 days or more) expect Bitcoin to rise to six figures, and some of them took profits after Bitcoin broke through $90,000.

“Some of these investors have been holding coins for many years, and for them, the first target is the profit-taking range,” Percival added. (Cointelegraph)