NewsBTC
2 May 2025
10 0

Bitcoin Long-Term Holders May Sell at $99,900 Profit Threshold

Glassnode's report indicates that sell-side pressure from Bitcoin long-term holders (LTHs) may increase as BTC approaches $99,900, where LTHs are projected to achieve a 350% profit margin. Key points include:

  • LTHs are defined as investors holding Bitcoin for over 155 days.
  • The total supply held by LTHs has risen by 254,000 BTC in the past two months.
  • Historically, LTHs increase selling when their unrealized profits reach approximately 350%.
  • Currently, Bitcoin is trading at about $96,500, reflecting a 4% increase over the last week.

As the price nears the $99,900 mark, potential selling from LTHs could impact market dynamics.