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Bitcoin Cooling Market Pressure: Veteran Holders On Binance Ease Off Selling Pressure

  • Bitcoin's price briefly dropped to $93,000 before bouncing back above $94,000, sparking optimism among investors.
  • Long-term Bitcoin holders on Binance have reduced their selling pressure, indicating a positive outlook for the digital asset.
  • Old Bitcoin is not being sent to exchanges as before, suggesting a decrease in distribution and selling pressure from experienced investors.
  • Spot buying volume on Binance has exceeded selling volume for the first time in over 6 months, reflecting a shift in sentiment towards Bitcoin.

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