Bitcoin Price Stalls Below $80K as Profitable Holders Keep Selling
- Bitcoin hovers near $78,800 after reclaiming $79K, but $80K breakout remains unconfirmed.
- The LTH-SOPR/STH-SOPR ratio dropped to 0.93, signaling ongoing profit-taking pressure.
- A move above $79,535 could open the path toward $82,842 and potentially $90,000.
Bitcoin price has returned to the $79,000 range, but the latest rebound has yet to produce a sustained break above $80,000. Bitcoin is trading near $78,800 at press time, after pulling back from its recent advance, while ETF inflows and lower U.S. Treasury yields continue to support demand.
At the same time, on-chain data shows profitable holders are still taking profits, testing whether fresh buying can absorb the available supply.
Bitcoin Price Faces Selling From Profitable Holders
CryptoQuant data shows that nearly every tracked investor group has moved back into profit during the recovery. The unreal…
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