Are Long-Term Holders Taking Chips Off the Table at $120K?

Are-Long-Term-Holders-Taking-Chips-Off-the-Table-at-120K

Are Long-Term Holders Taking Chips Off the Table at $120K?

Long-term holders (LTHs) have started to turn net negative right at the $120K resistance — a historically important psychological level. This shift suggests that some investors who’ve held through previous cycles might be starting to realize profits.

So far, the scale of profit-taking isn’t alarming. But there’s one name worth watching: Galaxy Digital. With reports of 80,000 BTC sold, this isn’t a retail-driven selloff — it’s serious size.

🔸 Is this a short-term reshuffling or the beginning of a broader trend?
🔸 Will other institutional holders follow suit?
🔸 Or is this just smart profit realization after a historic rally?

We’ll be tracking the data to find out. Stay tuned.