The market is gradually absorbing the selling pressure from long-term bitcoin holders.
ChainCatcher news, Glassnode released data on social media indicating that the selling pace of long-term bitcoin holders has slowed down. The net outflow has retreated from extreme levels, suggesting that the market is gradually absorbing the supply from long-term holders, and a large portion of the overhead supply pressure may have already been largely digested.
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.
You may also like
Anthropic plans to raise $25 billion with Sequoia Capital participating in the investment
French President Macron plans to request the activation of the EU anti-coercion mechanism
Trending news
MoreCrypto prices
More
