In summary:
Bitcoin dropped 3.88% to $100,682 as long-term holders sold off, increasing bearish pressure and testing the $100,000 support level.
Rising Liveliness and Coin Days Destroyed indicate significant BTC movement, while a low NVT signal suggests Bitcoin is undervalued.
Reclaiming $105,000 could restore bullish momentum towards $109,699, while losing $100,000 risks a decline to $95,668 or lower.
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Bitcoin (BTC), the leading cryptocurrency, is struggling after failing to close above the crucial $105,000 resistance level. This price point has become a barrier for BTC, preventing further upward movement.
The situation worsened when long-term holders (LTHs) decided to liquidate their positions, adding to the selling pressure and pushing the price lower.
Bitcoin Investors Lose Patience
Recent data shows a sharp increase in Bitcoin’s Liveliness, a metric that tracks the activity of long-term holders. This surge suggests that many LTHs have been selling their assets in the past few days. This is supported by the change in LTH supply and the increase in total Coin Days Destroyed, indicating significant movement of previously dormant BTC.
As LTHs are often considered the backbone of Bitcoin’s stability, their selling has historically led to negative outcomes. This trend has been ongoing throughout the weekend and continues today,


Despite the decline, Bitcoin’s macro momentum shows resilience. The Network Value to Transactions (NVT) ratio, a key valuation metric, is currently low. This suggests that Bitcoin is undervalued relative to its transaction activity, hinting at future growth potential.
While the NVT ratio offers a positive outlook, broader market signals need to align for BTC to regain strength. Investors are not entirely bearish at present, suggesting sentiment could quickly improve with supportive conditions, such as increased buying activity or favorable economic developments

BTC Price Prediction: Preventing Losses
Bitcoin’s price has fallen by 3.88% in the past 24 hours, bringing it down to $100,682. This decline is primarily due to the LTH sell-off and BTC’s inability to close above the $105,000 resistance level, reinforcing negative sentiment in the short term.
The next crucial support level lies at $100,000, a key psychological and technical level. BTC could either bounce from this support or temporarily consolidate here. However, if this level is lost, the cryptocurrency could decline to $95,668, increasing losses and negative pressure.

Conversely, if broader market conditions improve and Bitcoin reclaims the $105,000 level as support, the negative outlook would be invalidated. In that case, BTC could push toward its all-time high (ATH) of $109,699, restoring investor confidence and paving the way for a new rally.
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