Browsing: Bitcoin long-term holders

In the volatile world of cryptocurrency, Bitcoin market analysis remains vital for investors seeking insights into future price movements.As Bitcoin recently dipped below $70,000, the discussions around Bitcoin price predictions and potential price drops have intensified, raising concerns among traders.

Bitcoin long-term holders play a crucial role in the cryptocurrency market by holding their assets through the ups and downs of price fluctuations.Recently, the perception has shifted, suggesting that these steadfast investors are stepping back from selling, a trend that could signify a potential stabilization in the market.

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… (via Bpaynews real-time desk)