Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K
Bitcoin long-term holders are speeding up likely profit-taking, as data shows their net BTC position dropping compared to a month ago.
Bitcoin (BTC) is tempting “diamond hands” to sell as analysis warns that institutional buying is essential to protect the BTC price breakout.
Data from onchain analytics firm Glassnode shows that long-term holders (LTHs) have begun reducing their BTC exposure.
BTC price upside has delivered a trip to nearly $100,000, but some old hands are not waiting to take profit.
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Author: William Suberg
