Bitcoin Market Stalls Amid Selling Pressure from Short-Term Holders and Miners
Bitcoin's bull market has paused, trading between $100,000 and $110,000 despite strong spot ETF inflows and positive regulatory developments in the U.S. Key points include:
- Record 42 days of fluctuating prices above $100.
- Major selling pressure from short-term holders, with 83% of realized profits from wallets holding BTC for less than a year.
- Long-term holders also sold approximately $324 million in profits last week after realizing $1.2 billion earlier this month.
- Miners offloaded around 30,000 BTC in 20 days, with their wallet balances decreasing to 1.91 million BTC.
- Accumulation by both whales and small addresses has stalled since Bitcoin surpassed $100,000.
- Investors are diversifying into other assets as expectations for outsized returns diminish.
- Market activity is likely to remain subdued with BTC trading alongside equities.
- Key price levels: $102,000 support and $106,000 resistance.
