Bitcoin Experiences Increased Selling Activity as Long-Term Investors Offload Significant Holdings Over One Month
Recent data reveals a striking trend among veteran Bitcoin investors, who have offloaded approximately 815,000 BTC in the past month, signaling a shift in market sentiment and potentially heralding a period of price instability. This significant sell-off by long-term holders, typically seen as the bedrock of Bitcoin's value, could destabilize the cryptocurrency's price, pointing to a bearish outlook unless countered by renewed investor interest.
Chris Wilson