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📈 Long-Term Bitcoin Holders Start Cashing Out as BTC Rally Cools Off to $93,000
Chart: Bitcoin Active Addresses. Source: Santiment
Long-term holder profit output ratio hits 2.86, highest since August. Active addresses drop from 1M to 768K as BTC trades at $93,000. Parabolic SAR indicates potential resistance.
💡 Quick Take: Previous similar profit-taking waves lasted 5-7 days. Watch $84,640 as the key support level if selling continues. Consider hedging positions until active addresses recover. Monitor for bounce at $90,000 psychological level.
Check all charts here 👈
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