Analyst: Long-term holders gradually selling indicates that Bitcoin may be entering a consolidation phase
Over the past nine days, large Bitcoin holders have consistently shown negative holdings. Bitfinex analysts suggest that long-term Bitcoin holders and substantial investors seem to be the driving force behind recent Bitcoin sell-offs, whether on exchanges or through over-the-counter trades. Historically, long-term holders often gradually sell their Bitcoins during a bull market, especially when the market enters a consolidation phase. (TheBlock)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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