Long-Term Holders Trigger Bitcoin’s Price Correction at $92K
Recent on-chain data reveals that the latest price correction for Bitcoin stems from long-term holders, not ETFs as previously speculated. This insight shifts the narrative around market dynamics and investor behavior. As perennial holders choose to sell, it brings new questions about the impact on Bitcoin’s overall stability. Understanding the actions of long-term investors is vital to grasping market fluctuations. As the landscape develops, further predictions on Bitcoin’s future will emerge. Stay updated on these critical developments in the cryptocurrency market.