Bitcoin is navigating a critical period as long-term holder (LTH) selling activity spikes, shedding more than $33 billion in value. However, the market may be setting up for a powerful short squeeze that could ignite an explosive rally. Recent data reveals over 300,000 BTC are being sold off by LTHs since October, signaling major profit-taking near the $110,000 mark. This trend aligns with historical patterns of LTH distribution, typically occurring before market peaks or mid-cycle transitions. However, past cycles show these sell-offs often precede major rallies as the market redistributes Bitcoin to new investors and institutions. 8 Billion Short Positions at Risk