Summary
- Emphasized that the selling pressure from long-term holders of Bitcoin continues.
- Stated that the amount of Bitcoin held is at its lowest level this year.
- Mentioned that the New Year could signal the end of the selling trend.
It appears that the selling pressure from long-term holders of Bitcoin continues.
On the 12th (local time), Negentropic, the co-founder of Glassnode, stated on X, "The selling pressure from long-term holders of Bitcoin continues," and noted, "They are holding the smallest amount of Bitcoin this year." He added, "The desire for year-end profit-taking and consecutive liquidations have significantly impacted Bitcoin sales," and mentioned, "The New Year could signal the end of the selling trend."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
