Bitcoin Holders Sell 265,715 BTC in Largest Monthly Outflow Since January
- Long-term Bitcoin holders sold 265,715 BTC over the past 30 days.
- This marks the largest monthly outflow from this investor group since January.
- The selling activity indicates a shift towards profit-taking among investors who typically hold positions for 155 days or more.
- The outflow highlights increased selling pressure amid ongoing market volatility.
Long-term Bitcoin holders have sold 265,715 BTC in the last month, marking the largest outflow since January. This activity reflects a shift toward profit-taking among investors who usually maintain their positions for extended periods.
Source (3.2)https://cryptobriefing.com/long-term-bitcoin-holders-sell-largest-outflow-2024/?rand=59535