Analyst: Current Bitcoin demand is severely lacking, with miners and long-term holders selling more Bitcoin than new buyers are purchasing
According to a report by Jinse Finance, CryptoQuant tweeted that analyst Crazzyblock believes there is currently a severe lack of demand for Bitcoin. The amount of Bitcoin entering the market from miners and profit-taking long-term holders (LTH) now exceeds the purchasing volume of new buyers.
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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