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Bitcoin’s Rally Faces Resistance as Old Holders Cash Out

  • Bitcoin's recent surge above $111,000 is encountering resistance from long-term holders who are now selling.
  • Analysis of Cumulative Volume Delta Heatmap shows a shift in price zones from accumulation to distribution.
  • Key selling pressure is observed from historical accumulation zones like $25,000–$31,000 and $60,000–$73,000.
  • While Bitcoin's macro trend is bullish, profit-taking by long-term holders is affecting the rally, requiring fresh demand to overcome supply pressure.

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