Bull Market

Strong

Bitcoin

<p>The Bitcoin market has recently seen an exclusive development as the holders are pursuing a massive bull run. As per CryptoQuant, a prominent on-chain analytics company, the parties holding BTC for the long term have begun selling the tokens to the crypto exchanges. The analytics platform took to its official account on X to reveal the respective efforts of the <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" data-type="post" data-id="64778">Bitcoin</a> holders.</p> 
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   <p lang="en" dir="ltr">When ultra-long term holders sell <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a><br><br>“Currently, ultra-long term <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> holders are not sending Bitcoin to exchanges. Ultra-long term Bitcoin holders want a stronger bull market” – By <a href="https://twitter.com/t0_god?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@t0_god</a><br><br>Full post 👇<a href="https://t.co/bzAFstW3zU" target="_blank">https://t.co/bzAFstW3zU</a> <a href="https://t.co/PADQLNRSe6" target="_blank">pic.twitter.com/PADQLNRSe6</a></p>— CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1806700879602454713?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 28, 2024</a>
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<h2 class="wp-block-heading" id="long-term-bitcoin-holders-commence-selling-tokens">Long-Term Bitcoin Holders Commence Selling Tokens</h2> 
<p>In its new X post, the company pointed out that the respective move focuses on an impending bull run. The on-chain statistics brought to the front that these endeavors have been taking place since the last month. In this respect, the Bitcoin holders reportedly sold a significant amount of up to $10B in terms of tokens during May. The respective amount accounts for nearly 160,000 *BTC* coins.</p> 
<p>This move denotes a noteworthy trend showing the overall behavior of the investors who have been holding BTC for a long time. Moreover, the hefty BTC sale reportedly represents an enormous shift concerning the market dynamics. In line with the historical data, long-term Bitcoin holders have been focusing on retaining assets during market fluctuations. This has contributed to the general price stability of Bitcoin.</p> 
<h2 class="wp-block-heading" id="the-move-targets-at-a-strong-btc-bull-market">The Move Targets at a Strong BTC Bull Market</h2> 
<p>On the other hand, the ongoing operations of liquidating the tokens in such large amounts point toward a sentiment change. Nonetheless, the current month has witnessed a substantial increase in the offloading of tokens by long-term holders. Within June, the BTC holders reportedly sold more than 40,000 tokens. This consistent liquidation trend potentially aims at a robust BTC bull market.</p>

Long-Term Bitcoin Holders Selling Amid Bull Market Anticipation

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