The standard Bitcoin cycle around the halving suggests a new ATH (All-Time High) and then a transition into a stage of parabolic growth within 6-10 months after the halving. And the closer we get to the halving, the more analysts are expecting this story to repeat itself.
Respect to all the real HODLers, planning never to sell BTC, well, unless it’s at $500k per coin. But for investors who aimed to profit from the current Bitcoin cycle, it’s worth asking what if history doesn’t repeat itself?
Glassnode reports the start of profit-taking by long-term holders, which is standard behavior for this group of investors as BTC returns to the peak of the previous cycle 😇
Ask yourself, do these HODLers: ▪️ Not believe in $100k? ▪️ Earn enough from the rise to $50k? ▪️ Take out their initial investment to ensure they’re not at a loss if the BTC cycle breaks?