Glassnode Analyst: Massive Profit-Taking Pressure Causes Bitcoin Price to Fluctuate Above $100,000
According to Foresight News, glassnode analyst CryptoVizArt tweeted that the reason Bitcoin's price is stuck in the $100,000 to $110,000 range is that its long-term holders (holding for over one year) are selling more than $800 million worth of Bitcoin daily, while whales are also selling over $440 million daily. The significant profit-taking pressure is causing Bitcoin's price to remain volatile.
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