Long-term Bitcoin holders start cashing out, impacting downside potential

It has been analyzed that Bitcoin's upward rally has ended and long-term Bitcoin holders have begun to liquidate. If long-term holders proceed with liquidation, it will have an impact on the downward pressure on Bitcoin.
On the 27th (local time), Beinkrypto cited data from CryptoQuant and said, "Bitcoin long-term yields have soared to 2.86, and the Bitcoin rally is cooling off,
"It appears that long-term Bitcoin holders have begun to liquidate," he said. The index measures the activity of long-term investors who have held coins for more than 155 days, and when it exceeds 1, it indicates that holders are making profits.
This is the highest level since August 30th (local time), and BitcoinCrypto said, "If this situation continues, the Bitcoin price will drop to $93,000.
It could be pushed up to the standard."