Bitcoin Critical Holders’ Profit Crashes To Monthly Low: Will Price Further Suffer?

Group 1 - Bitcoin has experienced mixed price action with sharp fluctuations and tentative recovery attempts, indicating fragile momentum [1] - Long-term holders of Bitcoin have increased selling activity, with the 30-day change in long-term holder supply dropping to a 20-month low, signaling elevated distribution pressure [2][3] - The long-term holder net unrealized profit or loss metric has declined to a monthly low, indicating eroding profits and increasing sensitivity to further downside moves [4] Group 2 - Bitcoin is currently trading near $87,900, below the resistance level of $88,210, with recent support at $86,247 [6] - A potential short-term climb toward $90,308 is possible, but resistance near that level could cap gains, leading to continued consolidation around the $88,201 zone [7] - Upside potential for Bitcoin improves if long-term holders reduce selling pressure, which could allow for a break above $90,308 and target $92,933, signaling renewed confidence among market participants [8]