Bitcoin

Billion

Following the halving event, traders are delving deeper into their research of Bitcoin’s resiliency in the event of a probable lengthy market drop. The strategy of “hodling”, holding onto Bitcoin for the long term, is becoming a more prominent topic of conversation.&nbsp; 
Santiment, a market intelligence platform, has <a href="https://twitter.com/santimentfeed/status/1780251617931182481" target="_blank" rel="noreferrer noopener" data-wpel-link="external">posted</a> in the X that there has been a noticeable movement in investor sentiment towards safer assets like Bitcoin as other altcoin sectors, including those in artificial intelligence (AI), gaming, decentralized finance (DeFi), and meme coins, see significant retracements.&nbsp; 
One crypto investor user on X, named @Crypto_Wolfie1, has <a href="https://twitter.com/Crypto_Wolfie1/status/1779285489784426600" target="_blank" rel="noreferrer noopener" data-wpel-link="external">shared</a> that while Bitcoin has seen a brief upswing, some traders believe this is a passing occurrence amid more general signs of a market correction that have been present for the last two weeks.&nbsp; 
The user said, “Bitcoin dominance break out. Altcoins are being sold off &amp; funds are being cycled back into #btc and USDT.” 
The user explains that observations on the monthly chart suggest Bitcoin’s overbought conditions, leading to increased attention on Bitcoin dominance as it breaks out.&nbsp; Sell-offs of cryptocurrencies are occurring concurrently, with money being diverted back into BTC or into stablecoins like USDT. 
Traders expect a continuous flight from alternative cryptocurrencies to Bitcoin coupled with increased liquidations into traditional fiat currencies as fear, uncertainty, and doubt (FUD) continue to rise within the cryptocurrency community. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/15/bitcoin-miners-may-sell-5-billion-in-btc-post-halving/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin Miners May Sell $5 Billion in BTC Post-Halving</a> 
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What Will Investors Do After Bitcoin Halving?

The Crypto Times

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