Bitcoin sell-off pressure
The CEO of CryptoQuant stated that the current sell-off pressure on Bitcoin is primarily driven by short-term holders. This insight highlights the behavior of investors who may be reacting to market fluctuations. Short-term holders typically engage in trading based on immediate price movements rather than long-term investment strategies. Their actions can significantly influence market dynamics, especially during periods of volatility. Understanding the motivations of these investors is crucial for analyzing Bitcoin’s price trends and potential recovery.
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