Ysys
@defacers
According to CryptoQuant data, during the recent market decline, approximately $2.4 billion worth of Bitcoin, held for 3-6 months, was transferred. Analyst Cauê Oliveira suggests this indicates selling pressure from entities that purchased Bitcoin earlier in the year, possibly speculators influenced by Bitcoin ETFs and halving events. Meanwhile, entities holding Bitcoin for over a year have not shown significant selling, indicating that long-term holders are still retaining their positions.
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