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

Bitcoin is experiencing mixed price action, complicated by weakening confidence among long-term holders (LTHs). On-chain data reveals that the 30-day change in LTH supply has dropped to a 20-month low, indicating increased distribution pressure as these holders protect remaining gains. Furthermore, the LTH Net Unrealized Profit or Loss (NUPL) metric has declined to a monthly low, suggesting eroding profits and increased sensitivity to downside moves. Historically, a further decline in this indicator often leads to a pause in selling, allowing the price to stabilize. At the time of writing, Bitcoin trades near $87,900, showing buyers are active near support but conviction is cautious. While a short-term climb toward $90,308 is possible, sustained recovery depends on whether LTH selling slows down, which would reduce overhead pressure and potentially allow BTC to target higher resistance levels.

(Source：BeInCrypto)