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> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<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

目次

BlockchainReporter

2024年6月29日公開の他の記事

Investors Show Optimism Despite Notcoin’s Price Drop

BlockDAG Reviewed: 5 Game-Changing Insights That Could Reshape Your Crypto Strategy

X World Games Partners with Bi.social

Why is Bitcoin Price Continuing To Fall? Is Bear Taking Over The Market

Michael Dell Is Seriously Considering Bitcoin, Here’s New Proof

Terra Luna Classic’s Plan to Burn 12 Billion LUNC: What It Means for Investors

ニュースレターを購読して暗号資産の最新情報を毎日入手！