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    Many long-term Bitcoin holders ready to sell at $90,000, contradicting those waiting for $100,000 milestone

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    Many long-term Bitcoin owners are eager to sell their cryptocurrency once it exceeds $90,000, according to crypto analyst Percival of CryptoQuant. This differs from the perspective of some Bitcoin supporters, who eagerly anticipate its value surpassing $100,000. Despite an influx of Bitcoin being sold due to the ETF rally, the cryptocurrency’s price remains stable. Following Trump’s election win, approximately $4.09 billion has been invested in US Bitcoin exchange-traded funds.

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    People who’ve had their Bitcoin for over 155 days aren’t all waiting for the price to hit six figures. Some are actually pretty chuffed to take their profits once Bitcoin goes over $90,000. That’s according to a crypto analyst.

    On Nov. 16, a guy named Percival who writes stuff for CryptoQuant said that people who have had their Bitcoin for 155 days or more aren’t freaked out by the price reaching $90K. Instead, they’re using it as an opportunity to make some cash. Bitcoin’s price had stayed between $53,000 and $72,000 for nearly seven months, before breaking its previous record high of $73,800 on Nov. 5. Right now, Bitcoin is trading at $89,945.

    People who have had their Bitcoin for a while seem to see $90K as the first big goal. Percival said, “Some of these guys have been in it for years, and for them, $90K would be a good time to make some money.” Bitcoin went above $90,000 for the first time on Nov. 12, and hit another high of $93,215 on Nov. 13.

    Percival also mentioned that there’s been a surge of long-term holders selling their Bitcoin since the ETF’s rally. But this hasn’t really affected Bitcoin’s price because “all the coins being sold are just getting caught up in the ETFs.”

    Since Donald Trump, who’s a fan of Bitcoin, won the US presidential election on Nov. 5, about $4.09 billion has flowed into Bitcoin exchange-traded funds in the US.

    There’s lots of chatter among Bitcoin supporters who are hoping it hits six figures soon. Big guys like MicroStrategy’s Michael Saylor think it’ll go past $100,000 in November or December. He’s so confident that he’s already planning a $100,000 party. Also, a guy named Ryan Lee who is a top analyst at Bitget Research recently said that November is usually a great month for Bitcoin’s returns, and he reckons it’s on track to hit $100,000 before month-end.

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