CoinTelegraph - Bitcoin long-term holders remained resilient during the recent flash crash, while short-term holders were responsible for the majority of sell-offs

in blockchain •  last month 

https://cointelegraph.com/news/bitcoin-speculators-realize-850m-losses-50k-btc-price-dump
Screenshot_20240806-194431_Chrome.jpg

Bitcoin's recent flash crash was primarily driven by short-term holders selling their coins at a loss, while long-term holders remained largely unfazed.

This indicates a strong belief in Bitcoin's long-term value among experienced investors, even amidst market volatility.

However, the broader market remains uncertain, with potential for further price declines.

What about you?

Screenshot_20211106-080453_DesignEvo.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Upvoted! Thank you for supporting witness @jswit.