Bitfinex report: Long term holders of Bitcoin begin to take profits

Odaily Planet Daily News: Bitfinex reports that unprecedented capital inflows and strong institutional demand for Bitcoin ETFs have pushed Bitcoin close to its historic $100000 mark, but long-term holders (LTH) are also taking profits. Despite facing profit taking resistance around $99334 (its latest historical high), BTC has shown resilience, stabilizing around $96000 over the weekend before recovering some momentum in early Monday trading. Since the pre election low of $66880, BTC has risen 47% and has risen 130% so far this year. The outstanding performance of BTC relative to traditional assets is undeniable: Bitcoin's market value has now surpassed Saudi Aramco, consolidating its position as the seventh largest asset in the world, with a valuation of over $1.9 trillion at its highest.