Short-term holders disrupt Bitcoin’s journey to $28k with surge in profit-taking

exchange68September 12, 2024

0 0 2 minutes read

“Bitcoin’s climb to the elusive $28,000 mark is a maze, and the puzzle pieces lie in the hands of a particular group – short-term holders, those who’ve held Bitcoin for less than 155 days. An astonishing 20,000 BTC recently found its way to exchanges in profit, marking one of the largest such movements this year. But that’s just the tip of the iceberg. With over 1 million BTC now under the control of these short-term players, the road to higher Bitcoin valuations gets intriguingly complex… What does this mean for Bitcoin’s future stability?”

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