Glassnode Highlights Potential Sell-Off Risks as Bitcoin Approaches $100,000

The cumulative unrealized profit of long-term investors in the leading cryptocurrency has neared 350%, a level historically associated with increased selling activity. This scenario was outlined by Glassnode.

According to experts, this metric will reach a critical level if the price continues to rise to $100,000.

“This will require significant demand to absorb distribution and maintain upward momentum,” the experts warned.

A trader known as TheKingfisher pointed to order book liquidity as an indicator of a potential reversal in price dynamics.

$BTC Liq Map Update: Watch out below! ? Massive wall of LONG liquidations stacked up under ~$91k. Shorts above current price ($96.6k)? Barely anything significant. ? Huge imbalance suggests potential downside magnet ? is strong. High risk for longs near current levels. Upside… pic.twitter.com/Hx5pqRMscA

— TheKingfisher (@kingfisher_btc) May 1, 2025

The expert urged bulls to be cautious due to the “weak” buying momentum.

Glassnode suggested ensuring the price holds above the “cost price” of coins for speculators ($93,200) and the 111 DMA ($91,300).

“For further growth, these levels must be broken and held, as failure to do so will return quotes to bearish territory,” analysts explained.

Previously, Peter Chang, head of research at Presto Research, identified factors for Bitcoin’s rise to $210,000 in 2025.

Standard Chartered recently urged the purchase of digital gold and forecasted its price increase to $120,000 in the fourth quarter.