The founders of Glassnode recently predicted the market reaction once Bitcoin (BTC) approaches the $100,000 mark. 🚀 They say that once Bitcoin reaches that goal, many investors will likely take profits, which could cause the price to drop. 📉

Currently, Bitcoin is trading around $ 98.000 and in the last 24 hours its price has increased by 4.1%. 🔥 The founders of Glassnode emphasized that reaching $100,000 could trigger a significant profit-taking, although the current liquidation may not be as intense as when Bitcoin reached $73,000 last March.

They also noted that long-term investors have started to reduce their positions since Bitcoin rose from $60,000, but this time the sales seem smaller than before. 🤔

"Bitcoin has reached $97,000, but $100,000 could sell a lot of people. It is unlikely that this selling will cause panic. "If we see that the profit-taking indicator increases significantly, a price correction is more likely to occur," say Jan Happel and Yann Allemann. 💬

$BTC

BTCUSDT

Perp.

99,306.6

+0.78%

Therefore, all these events could lead investors to reassess their strategy. 📊 Reaching the $100,000 target could be a major turning point in the market, so it is important to continue monitoring market movements.