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Bitcoin Long-Term Holders Complete Largest Market Sell-Off Since 2021, Is The Top Here?

Bitcoinist LogoBitcoinist12h ago

Bitcoin Long-Term Holders Complete Largest Market Sell-Off Since 2021, Is The Top Here? - Bitcoinist

Quick Summary:

As the Bitcoin price continues its upward momentum, on-chain data reveals that Bitcoin long-term holders are beginning to sell off their assets.

Historically, similar market behavior coincided with market tops in the 2021 bull cycle, raising the question of whether the pioneer cryptocurrency is finally approaching its market peak.

The Green areas show that long-term holders are accumulating BTC and increasing their net positions.

More Pictures

Bitcoin Long-Term Holders Complete Largest Market Sell-Off Since 2021, Is The Top Here? - Bitcoinist (Picture 1)Bitcoin Long-Term Holders Complete Largest Market Sell-Off Since 2021, Is The Top Here? - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 09:00:42 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 24429092

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 6 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

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Bitcoin Long-Term Holders Complete Largest Market Sell-Off Since 2021, Is The Top Here?" has 466 words across 38 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Bitcoin Long-Term Holders Complete Largest Market Sell-Off Since 2021, Is The Top Here?" was covered 12 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 6 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/bitcoin-long-term-holders-complete-17343404771447

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