Bitcoin News Today: Bitcoin Hovers Near $120,000 Amid Long-Term Holder Liquidation
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最新报道：Bitcoin hovers around $120,000 as long-term holders begin liquidating positions, signaling potential market shifts. Analysts note increased selling pressure from investors who held BTC for over a year, possibly capitalizing on recent price surges. On-chain data reveals a spike in dormant coins moving to exchanges, suggesting profit-taking behavior. Despite the sell-off, institutional demand remains robust, with major firms continuing to accumulate Bitcoin as a hedge against inflation. Market sentiment stays cautiously optimistic, with derivatives traders maintaining balanced positions. Experts advise monitoring exchange inflows and whale wallet activity for further clues on market direction. The $120,000 level remains a key psychological resistance point.
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