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Bitcoin Hits ATH, But Long-Term Holders Stay Cautious as Whales and Retail Activity Build Momentum
In a surprising twist, the recent surge to $118K has not been met with widespread euphoria from long-term holders. This anomaly is particularly interesting given Bitcoin’s [BTC] latest all-time high. While whale activity and retail interest have increased, LTHs remain cautious, opting for profit-taking over selling amidst the current rally.
This disparity in sentiment raises important questions about the sustainability of this cycle and whether the market is prepared to handle further price increases. Data suggests that the fundamental underpinning this growth are not yet indicative of a euphoric atmosphere commonly seen during previous cycles.
Source: eng.ambcrypto.com
