Bitcoin is nearing the $100,000 mark, with a recent surge in price causing long-term holders to distribute 507,000 BTC. This is less than the 934,000 BTC offloaded during the March 2024 peak but remains significant. The distribution reflects strategic moves by holders to capitalize on increased liquidity and demand.
Daily realized profits have reached an all-time high of $2.02 billion, requiring a strong demand to absorb the excess supply and stabilize prices.
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<p>The post Bitcoin Hits $100K as Long-Term Holders Sell 507k BTC Amid Record Profits first appeared on CoinBuzzFeed.</p>
