Bitcoin’s price action remains volatile, with recent recovery attempts. Long-term holders are selling at a 20-month low, signaling distribution pressure. A drop in net unrealized profits indicates potential downside risk. Bitcoin hovers around $87,900, facing resistance at $88,210. Buyers remain cautious, but a move towards $90,308 is possible. If holders pause selling, a breakout to $92,933 could signal renewed market confidence.

Read more at Yahoo Finance: Bitcoin Critical Holders’ Profit Crashes To Monthly Low: Will Price Further Suffer?