Diamond Hands BTC holdings
Glassnode reports that a reduction in “Diamond Hands” Bitcoin holdings is leading to a price surge facing increased resistance. Current buy-the-dip funds are struggling to create enough demand to counterbalance selling pressure. This reduction in holdings among long-term investors is significant, as it contributes to market dynamics. The inability of buy-the-dip buyers to adequately absorb selling pressure raises concerns about the market’s stability and potential price fluctuations. Analysts suggest that the market may face challenges if the selling continues without sufficient demand support.
