[Analysis] "Bitcoin, Short-term Investor Selling Pressure Increases...Bull Market in Sight"
Suehyeon Lee
Summary
- The selling pressure from short-term investors in Bitcoin (BTC) is reported to be more intense than that from long-term investors.
- crypto sunmoon mentioned the possibility of restricted demand to buy new Bitcoin in the bull market.
- Currently, short-term holders are still selling Bitcoin.
The selling pressure from short-term investors in Bitcoin (BTC) has emerged as more intense than the selling pressure from long-term investors.
On the 1st (local time), CryptoQuant author crypto sunmoon stated, "The selling pressure from Bitcoin bulls is greater than that from long-term holders in the short term."
He further mentioned, "However, such a bull market will end when the demand to buy new Bitcoin emerges. Currently, short-term holders are still selling Bitcoin."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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