Long-Term Bitcoin Holders Cash Out $1.96B in Shocking Profit Move

• Long-term Bitcoin holders surprise market with rare $1.96B cashout.
• Bitcoin drops $5K after major profit-taking hits resistance zone.
• Short-term holders also book $1.54B amid market-wide exit.

A massive wave of Bitcoin profit-taking has taken the market by surprise, led not by short-term traders but by long-term holders. According to Glassnode, investors collectively realized $3.5 billion in profits over the past 24 hours, with long-term holders accounting for a shocking $1.96 billion.

This marks one of the largest single-day realized profit events this year. Long-term holders are traditionally considered to hold in all market conditions. Typically known for holding through market cycles, long-term holders have now broken that trend, choosing to offload significant portions of their holdings as Bitcoin hovered near its local peak.

Meanwhile, short-term holders took $1.54 billion of the realized profits, showing notable involvement from newer market participants. The actual subject matter, however, refers to the outage of experienced holders since they sell positions at high prices.

Also Read: Wall Street Rush: Top Firms Quietly Load Up on Bitcoin Before Crypto Laws

Bitcoin has surpassed the level of $123,000 and pulled back to about $4117,000. This retreat comes after intense selling pressure, which is strongly evident in the trade charts. The excessive decrease of more than $5,000 after reaching the peak of the week, as well as the existence of several red candles, indicates fatigue among profit-takers.

Nevertheless, even after falling, Bitcoin is technically sound on the chart. The prices are trading above 50-day and 200-day moving averages, which provides the cushion. The influx of profits in the market, nonetheless, has produced immediate turbulence and decreased the upward thrust.

Long-Term Holders Trigger Market Shift With Rare Exit Strategy

The unexpected decision by long-term Bitcoin holders to sell into strength is shifting the market dynamic. These investors usually ride out price swings but appear to have taken advantage of peak levels to de-risk. Their $1.96 billion exit suggests a more calculated and cautious approach at this stage of the cycle.

Such a move also highlights how current price levels are prompting real-world financial decisions. It is not just short-term hype but a broader strategic pivot by seasoned participants.

The daily Relative Strength Index (RSI) is cooling off today, which indicates a change of market energy. Once robust purchase demand has tapered, and traders are closely observing indications of support.

It is a rather unusual action by long-term Bitcoin holders who withdrew $1.96 billion in profit in a single day. This movement has strained the market and yielded a fresh storyline, with short-term sentiment starting to sag on cycle highs.

Also Read: Is XRP More Likely to be a Millionaire-Maker than Solana? Expert Gives Review

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