Bitcoin unexpectedly dropped sharply after surpassing the $100,000 mark, with a 14% correction over the past week as long-term holders (LTHs) took profits. According to a report from Bitfinex Alpha, on-chain indicators such as realized profits and the futures funding rate show that the market is gradually stabilizing and profit-taking activity has decreased.

- Over $1.1 billion has been liquidated on major exchanges, with 10% of the drop occurring within eight minutes.

- Approximately 4,350 BTC have been liquidated, marking the fourth-highest daily liquidation since 2019.

Although the medium-term outlook for Bitcoin remains optimistic, the distribution rate of LTHs has slowed. Current indicators suggest that stability is returning, with the potential for Bitcoin to find a new equilibrium in supply and demand. 📉📈