Bitcoin Long-Term Holders Actively Selling Coins – New Investors Absorbing Supply

Quick Summary:

Bitcoin has experienced a whirlwind of volatility over the weekend, reaching the psychological $100K mark and a new all-time high of $103,600.

Despite this milestone, the price continues to struggle to maintain levels above $100K, raising questions about the strength of the current rally.

With such a significant percentage of profit being realized, more LTHs will continue to sell, which will fuel further market activity.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin Bitcoin Long-Term Holder Supply BTCUSDT Bitcoin technical analysis Bitcoin News Bitcoin price Btc Bitcoin news Bitcoin Long-Term Holder Bitcoin Analyis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 19:00:44 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 636 words

Reading Time: 4 minutes read

Sentences: 54 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24289367

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 3 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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