Bitcoin Surpasses the $90,000 Mark, Prompting Long-Term Holders to Take Profits

This trend, noted by analysts, could stabilize the market while paving the way for new increases, supported by ongoing demand and the absorption of sales by Bitcoin ETFs.

Bitcoin recently surpassed the $90,000 mark, prompting long-term holders to take profits. This trend, noted by analysts, could stabilize the market while paving the way for new increases, supported by ongoing demand and the absorption of sales by Bitcoin ETFs.

A few days ago, Bitcoin reached $90,000, establishing a new significant record for the cryptocurrency. According to recent analysis, we have reached an initial safe zone for long-term holders.

Moreover, the MVRV (Market Value to Realized Value) indicator, which is used to evaluate whether an asset is overvalued or undervalued, shows that the profits realized by long-term BTC holders are not yet at extreme levels, suggesting that selling pressure is not at its maximum yet.

Thus, long-term holders taking profits at $90,000 is not seen as a threat to the market. In fact, it could even help stabilize the market by preventing massive and sudden sales.

Furthermore, Bitcoin ETFs play a crucial role in absorbing selling pressure, which helps maintain price stability.

Some analysts are optimistic about Bitcoin’s future, predicting that BTC could reach $100,000 by the end of the year, supported by ongoing demand and growing adoption. However, it is essential to monitor indicators like MVRV to assess potential risks and opportunities in the market.

To summarize, long-term holders taking profits at $90,000 could stabilize the Bitcoin market. With the absorption of sales by ETFs and ongoing demand, BTC is well-positioned for future increases while maintaining a balance in the market.

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