The cryptocurrency market is facing a wave of selling pressure, and Bitcoin has not been spared. In the last few hours, the world’s largest digital asset slipped below the $115,000 level, signaling that bullish momentum has weakened. The break under this critical threshold reflects a broader loss of control by buyers as volatility sweeps through global markets following heightened liquidations and risk-off sentiment.

Despite the setback, on-chain data reveals an important dimension of Bitcoin’s current state. Top analyst Axel Adler highlighted that Bitcoin long-term holders (LTHs) are sitting on $1.18 trillion in unrealized profit. This staggering figure underscores the extent of accumulation in previous months and the resilience of long-term investors, even as short-term price action r

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