menu
techminis

A naukri.com initiative

google-web-stories
source image

TheCryptoBasic

5d

read

192

img
dot

Image Credit: TheCryptoBasic

CryptoQuant Analyst Reveals When Bitcoin Long-Term Holders May Start Selling

  • A CryptoQuant analyst reveals that Bitcoin long-term holders may start selling once their profits exceed 300%, impacting future price action.
  • Historically, long-term holders sold during past Bitcoin rallies when their profit ratios hit the 300% mark.
  • Currently, despite Bitcoin trading over $109,000, long-term holders are only up about 215% on average due to changes in their cost basis.
  • The market may see a shift as Bitcoin approaches $137,000, potentially leading to long-term holders either gradually taking profits or preparing for more selling.

Read Full Article

like

11 Likes

For uninterrupted reading, download the app