Bitcoin long-term holders have sold around 2.57 million BTC since July, yet the cryptocurrency’s price remains resilient, suggesting a strong demand in the market. This trend indicates that despite significant selling activity, the appetite for Bitcoin continues to be robust among investors. The selling by long-term holders reflects a strategic decision, possibly influenced by market conditions, but it has not adversely affected Bitcoin’s price stability. Analysts observe that the ongoing demand for Bitcoin may be sustaining its value, even as long-term holders liquidate portions of their holdings. This scenario highlights the complex dynamics of the cryptocurrency market, where selling pressure from holders does not necessarily translate to a decline in price.
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