Bitcoin has stabilized after a sharp 10% drop when the price exceeded $100,000 for the first time.

Selling pressure has eased, with realized gains down 76%, indicating that profit taking is cooling. Funding rates are also normalizing, signaling the market is moving to a more balanced phase. However, analysts warn of continued strong selling pressure. Long-term holders have an average price target of $24,481, reflecting their 400% gain. Potential decrease in demand may signal a trend reversal.