As Bitcoin (BTC) retreats from its recent all-time high (ATH) of $111,814 – currently trading in the mid-$100,000 range – emerging on-chain data signals that the cryptocurrency’s strong momentum over the past month may be waning. Deeper Correction Ahead For Bitcoin? According to a recent CryptoQuant Quicktake post by contributor Amr Taha, the Bitcoin market is undergoing several notable on-chain shifts. These include significant stablecoin outflows from Binance, a decline in long-term holder (LTH) participation, and diverging accumulation patterns among wallet cohorts. Related Reading: Bitcoin Eyeing $112,000 After Bullish Double Bottom Breakout, Analyst Says One of the most striking indicators is the net outflow of over $1 billion in stablecoins from Binance
source: https://www.newsbtc.com/bitcoin-news/bitcoin-warning-signs-long-term-holders-exit-while-retail-buyers-rush-in/