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November 26, 2024

Long-Term Bitcoin Holders Ready to Sell 163K BTC, Analysis Shows

Recent analysis indicates that long-term Bitcoin investors hold approximately 163,000 BTC available for sale. These holders have already sold nearly 550,000 BTC, representing about 4% of their total holdings. In the past week, their profit-taking activity reached an all-time high, exceeding $10.5 billion in a single day. This trend raises questions about the sustainability of current Bitcoin prices and the impact of these sales on the market moving forward. Investors and analysts are monitoring these movements closely as they could influence future market dynamics.

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