Bitcoin’s next rally could trigger selling from holders of 874,000 BTC
· price · Sentiment: bullish
Bitcoin’s next significant price rally is likely to prompt profit-taking from holders of approximately 874,000 BTC, according to on-chain data analysis. Multiple reports identify clusters of coins acquired near current levels that would move into profit during an upward move, creating potential overhead supply. The consensus highlights this as a key resistance zone that could cap or slow Bitcoin’s momentum until these bags are distributed. The primary implication is that a sustained breakout above recent highs may require substantial demand to absorb this latent selling pressure.