The analyst assesses Bitcoin using on-chain data, noting long-term holders are selling. Glassnode charts show falling black and orange lines, indicating decreasing prices and long-term holder exits. The blue line, representing market inflows, is rising, with decreased demand. An Ethereum on-chain chart reveals a similar trend. Excel data shows 3,325 BTC added to exchanges. Volume is high at $47 billion, while Long-Term Holders have sold 17,579 BTC with Short-Term Holders buying 14,679 BTC. The analyst looks at BTC and ETH. The analyst targets are a price of $114,898 for BTC and a price of $4,400 for ETH, and a risk management point is a minimum of $3700, with $60 Billion in liquidity for investors.