Bitcoin long-term holders (LTHs) are nearing a classic profit-taking level as they sit on nearly 350% unrealized profits, prompting questions about potential sell-offs if Bitcoin reaches the $100,000 mark. Traditionally, LTHs, who hold BTC for over six months, start selling when their profits exceed this percentage. According to the on-chain analytics firm Glassnode, the average LTH is expected to reach this profit level around $99,900. As Bitcoin trades around $97,500, any significant price surge could encourage these holders to take profits, thereby increasing selling pressure. The environment is further complicated by a notable imbalance in order book liquidity, suggesting potential downside risks for long positions. Traders are observing order books that indicate a sizable wall of liquidations beneath $91,000, highlighting market vulnerabilities. Future price sustainability depends on breaking and holding key resistance levels, while a rejection could push prices into bearish territory, leading to unrealized losses for many investors.

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