According to Odaily Planet Daily, CryptoQuant analysts indicate that as Bitcoin reached the psychologically important $120,000 mark, long-term holders (LTH) saw a net decrease in their holdings. Institutional investor Galaxy Digital has sold approximately 80,000 Bitcoins. The analysis indicates that this market correction is primarily driven by institutions, not retail investors. Overall profit-taking remains manageable, and the market is watching to see whether this correction will escalate into a broader correction.