Bitcoin $100,000 Break Triggers Continuous Selling by Long-Term and Dormant Wallets, Expect Ongoing Volatility

Coindesk analyst Omkar Godbole reported that a subset of Bitcoin long-term holders — including wallets dormant for years — have been systematically selling since the asset crossed $100,000 earlier this year. The activity, characterized as measured distribution rather than short-term liquidation, points to coordinated profit-taking among legacy holders who view the new price band as an opportunity to realize gains.

Market implications are pragmatic: this behavior suggests the broader market will need time to internalize $100,000 as a normalized valuation, and participants should anticipate continued volatile trading as positions rebalance. Institutional and retail investors may consider phased entry and disciplined risk management to mitigate execution and volatility risk while liquidity redistributes across wallets.