🚀 Bitcoin enthusiasts, buckle up! Recent BTC price action has sparked a flurry of profit-taking among long-term holders (LTHs), with a whopping $2.02 billion in daily profits realized, setting a new all-time high! 📈

Since September, LTHs have released 507,000 BTC back into the market, a strategic move that Glassnode believes is crucial for price discovery. This reintroduction of supply often aligns with strong demand, fueling upward momentum. 🔄

However, a potential "air gap" below $88K raises caution. As BTC dances near $100K, the market must absorb sell-side pressure to sustain its climb. Will BTC break $100K or revisit $88K first? Stay tuned! 🌟