BTC trajectory $100K target or $88K setback

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Glassnode also says BTC’s rally faces a setback from low activity below $88K, hinting at a possible correction before it climbs above $100K.

Bitcoin’s recent explosive price action has resulted in a significant surge in profit-taking among long-term holders (LTHs).

According to a review by Glassnode, the LTHs have realized $2.02 billion in daily profits, eclipsing the figure recorded in March 2024 and marking a new all-time high (ATH).

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