{"id":29208,"date":"2025-05-29T11:31:39","date_gmt":"2025-05-29T11:31:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29208"},"modified":"2025-05-29T11:31:39","modified_gmt":"2025-05-29T11:31:39","slug":"bitcoin-faces-potential-sell-off-near-120000-as-profit-taking-rises-glassnode-warns","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29208","title":{"rendered":"Bitcoin Faces Potential Sell-Off Near $120,000 As Profit-Taking Rises, Glassnode Warns"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong>&#8216;s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) steady rally to a new all-time high of $111,000 may soon face significant headwinds, according to new <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45384651\/bitcoin-rally-is-in-a-high-risk-high-reward-zone-glassnode\">on-chain data from Glassnode.<\/a><\/p>\n<p><strong>What Happened: <\/strong>The analytics firm highlights $120,000 as a critical price level where historical trends suggest a sharp increase in sell-side pressure is likely to emerge.<\/p>\n<p>The <a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-21-2025\/\">report<\/a> finds that investor profitability has risen sharply since the recent breakout, with on-chain models showing parallels to previous market tops. <\/p>\n<p>Key indicators such as unrealized profits, spending behavior and exchange inflows all suggest a growing willingness among investors to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45665808\/bitcoin-faces-potential-sell-off-near-120000-as-profit-taking-rises-glassnode-warns\" alt=\"Bitcoin\" faces potential sell-off near as profit-taking rises glassnode warns>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8216;s (CRYPTO: BTC) steady rally to a new all-time high of $111,000 may soon face significant headwinds, according to new on-chain data from Glassnode. What Happened: The analytics firm highlights $120,000 as a critical price level where historical trends suggest a sharp increase in sell-side pressure is likely to emerge. The report finds that investor [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29208","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29208"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29208\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}