Bitcoin Faces Risk of Correction Amid Holder Sell-Off
Long-term Bitcoin holders are selling as prices lack strong momentum. Key support levels may be tested if profit-taking grows.
- Long-term Bitcoin holders are beginning to sell.
- Lack of bullish catalysts raises correction risks.
- Watch support levels at $103.7k and $95.6k.
The Bitcoin market is showing signs of fragility as long-term holders begin to offload their positions. Historically, these holders are known for holding through volatility, so their recent actions hint at growing uncertainty in the market. This selling activity comes at a time when Bitcoin lacks a strong upward catalyst to push prices higher.
Without a compelling narrative or event to fuel new demand, this slow selling could place pressure on current price levels. Analysts are watching closely for signs of deeper corrections, especially as other market participants might follow suit in locking in profits.
Key Support Levels Could Be Tested
According to on-chain data, the market could face a correction toward two critical support zones. The 0.95 SSD quantile places support at approximately $103.7k, while the 0.85 quantile identifies a lower level at $95.6k. These price areas are based on historical market behavior and long-term investor positioning, making them essential zones for traders and investors to monitor.
If selling pressure continues and no bullish momentum returns, Bitcoin may dip toward these support levels. This does not necessarily indicate a bearish trend reversal but rather a natural cooling-off phase after a strong rally. How Bitcoin behaves at these support zones will likely determine its next major move.
What to Expect Next
For now, the market remains at a crossroads. With long-term holders slowly selling and no clear positive narrative to drive new investment, the path of least resistance might be downward. However, Bitcoin has often surprised the market, and support levels could attract buyers looking for a bargain.
Investors should stay alert and watch how Bitcoin interacts with the $103.7k and $95.6k levels. These zones could either act as a springboard for the next move up—or confirm the start of a short-term pullback.
Read Also :
- China Injects $139B Into Market via Reverse Repo
- BlackRock’s ETHA ETF Sees 9-Day Inflow Streak
- SEC Approves Nasdaq Crypto Index with SOL, ADA & XRP
- Qubetics Ignites Blockchain Utility, Aptos Enters UAE Spotlight, and Theta Drives AI | Best Crypto to Buy Right Now
- Fidelity Buys 224 BTC Worth $22.8 Million
