Bitcoin long-term holders, defined as those who have held their coins for over 155 days, are reportedly not resistant to profit-taking as Bitcoin approaches the $90,000 mark. A recent analysis by CryptoQuant contributor Percival highlighted that this price level is seen as a target for many long-term investors rather than a barrier. Following a rally post-ETF approvals and a surge in pro-Bitcoin sentiment, Bitcoin reached a high of $93,215 on November 13. Percival also noted that a significant amount of money has flowed into U.S. spot Bitcoin ETFs since a pro-Bitcoin sentiment shifted on November 5. Despite profit-taking activity from long-term holders, which he referred to as a 'superficial sell-side of supply,' Bitcoin continues to hold strong, with some analysts projecting it could surpass $100,000 by the end of November, reinforcing the bullish outlook on Bitcoin's potential growth. Notable figures in the Bitcoin community echo this sentiment, expressing optimism for reaching the six-figure milestone soon.

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