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Posted: 2025-06-06 17:53:20 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-06-06 17:53:40 UTC
Verified By
Rollup News
Glassnode experts suggest the bull market may soon end as long-term investors are realizing profits. Bitcoin has reached a new all-time high of $111k, but faces potential corrections as long-term holders sell and key support levels are tested. The behavior of new investors and the levels of realized profits are crucial indicators to watch.
Long-term Bitcoin holders are selling, increasing the risk of a short-term correction.
Bitcoin reached a new ATH of $111k, driven by spot purchases.
Key support levels to watch are ~$103.7k and ~$95.6k.
Realized profits by long-term holders suggest a possible exhaustion of the upward trend.
Potential short-term correction due to long-term holders selling.
Breaking through support levels at ~$103.7k and ~$95.6k could lead to a deeper correction.
Monitoring the behavior of new investors is crucial.
High levels of realized profits may indicate a local top or slowdown.