As Bitcoin (BTC) rose above $100,000, the supply held by long-term holders dropped sharply. This suggests that some experienced investors are making record profits as the BTC price approaches six figures.

The supply held by long-term holders (LTH) fell to $13.31 billion as of December 19. During this period, the BTC price rose from $58,000 to over $100,000, indicating that LTHs are selling at local peaks.

Short-term holders (STH) are absorbing the selling pressure from LTHs. This has played a significant role in Bitcoin maintaining its price momentum above $100,000.

Bitfinex analysts predict that the Bitcoin correction will be mild and institutional demand will push the price to $145,000 by mid-2025. Share your comments.