Macro analyst: Bitcoin's sideways movement this year marks its entry into a mature phase
According to Jinse Finance, Wall Street veteran and macro analyst Jordi Visser compared bitcoin's sideways movement this year to a silent IPO. This marks bitcoin's entry into a mature phase, where early whales are cashing out after more than a decade of venture investment, while institutional investors are quietly increasing their bitcoin holdings.
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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Data: In the past 24 hours, total liquidations across the network reached $268 millions, with long positions liquidated for $174 millions and short positions liquidated for $93.5061 millions.
