Summary
- There are reports that Bitcoin long-term holders may carry out large-scale selling.
- Axel Adler Jr. stated that if Bitcoin's return exceeds 300%, long-term holders will begin to dump.
- Currently, Bitcoin is recording an average of 215% in unrealized profits and is trading at $108,837.
Claims have emerged that Bitcoin (BTC) long-term holders may sell off their holdings in large quantities.
On the 9th (local time), Axel Adler Jr., a contributor to CryptoQuant, stated on X (formerly Twitter), "If Bitcoin's return exceeds 300%, long-term holders will start dumping," adding, "Currently, they are recording an average of 215% in unrealized profits compared to their acquisition price."
As of 5:19 PM, Bitcoin is trading at $108,837 on the Binance USDT market, up 0.34% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
