Key takeaways:Bitcoin is stuck between $100,000–$110,000 as mid-to-long-term holders lock in profits.Despite the movement of older coins, one analyst sees this redistribution as typical in bull markets and believes the market is absorbing the selling pressure.Data from Glassnode suggests that Bitcoin’s (BTC) range-bound trading price between $100,000 and $110,000 is the result of profit-taking. The data shows mid to long-term holders (LTHs) leading the sell-off, with coins aged 3–5 years realizing $849 million, while coins in the 7–10 years cohort cashed out $485 million. The 1–2 year cohort realized $445 million.BTC: Realized Profit by Age. Source: GlassnodeDaily realized profits hit…
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