BTC Volatility May Increase, Long-Term Holders to Face Seller Pressure
Sell-side pressure from long-term BTC holders (those who have held Bitcoin for 3 months to 3 years) is increasing, according to Tuesday's Glassnode market report, which added: “We can expect the incentive for this group to sell more supply to increase if the price rises and further boost their unrealized profits” . The Glassnode report predicts an increase in volatility after the Bitcoin market has been relatively stable over the past week. The report added: “Seller's risk ratios for long-term and short-term holders have been readjusted, suggesting that a new equilibrium has been found. This suggests that the market is ready to act and expectations for near-term volatility should increase.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
American Express Stock Shocks Despite Positive Revenue and Earnings
The AI arms race extends upstream! Reports say Intel, Nvidia, and AMD are prepaying over 100 billions NTD to secure advanced IC substrate production capacity.
NVIDIA, Intel, and AMD have collectively spent $5 billion in advance payments to aggressively secure high-end IC substrates from Taiwan. Driven by "big money for guaranteed orders," the top three Taiwanese substrate manufacturers have invested a record NT$161.2 billion to expand their production capacity. The tech giants' substantial financial commitments to secure supply chains highlight the intense competition and extreme scarcity of core AI materials.
Crypto prices
More
