Bitcoin (BTC) recently hit a new all-time high of $93,265 but has since experienced a pullback, trading at $87,757 as of now. The decrease in price can be attributed to profit-taking from short-term holders. The Spent Output Age Bands (SOAB) metric reveals increased selling activity among newer investors, potentially causing short-term price volatility. Long-term holders have remained relatively stable during this period. If short-term holders continue to sell, BTC may fall further to $83,792 or even $76,356. However, if they refrain from selling, there is a chance for BTC to exceed $90,000 and potentially reach $100,000.



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