Bitcoin Price Falls Below $115,000 as Long-Term Holders Begin Selling

Bitcoin's price fell below $115,000 for the first time since July. This decline raises questions about its future trajectory, although on-chain data indicates that a bull run may still be possible.

BTC Long-Term Holders Start Distributing

Analyst Joao Wedson reports long-term holders (LTHs) are beginning to sell their Bitcoin.
Approximately 50% of Bitcoin held in ETFs has been sold by LTHs.
Wedson expects the BTC bull market to continue for at least two more months and altcoins for three months.

Key Metrics Flash Warnings – But ‘Final Top’ Not Yet Seen

The Coin Days Destroyed Terminal Adjusted Metric shows significant movement of aged coins, indicating a market shift.
Reserve Risk Indicators reveal increased selling activity among LTHs.
The Spent Output Profit Ratio (SOPR) Trend Signal indicates bearish signals with profit-taking in the market.
Bitcoin Cycle Market Top Prediction model suggests the final top hasn’t yet arrived until it reaches $69,000.

As of now, Bitcoin is valued at approximately $113,052, reflecting a 1.2% decrease in the past 24 hours. Caution is advised as historical patterns suggest the market top has not been reached.