Analyst: Current Bitcoin demand is severely lacking, with miners and long-term holders selling more Bitcoin than new buyers are purchasing
According to a report by Jinse Finance, CryptoQuant tweeted that analyst Crazzyblock believes there is currently a severe lack of demand for Bitcoin. The amount of Bitcoin entering the market from miners and profit-taking long-term holders (LTH) now exceeds the purchasing volume of new buyers.
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
Firedancer has been launched on the Solana mainnet and has been running on a few validator nodes for 100 days.
deBridge launches new DeFi execution primitive Bundles to simplify on-chain experience
Solana validator client Firedancer, developed by Jump Crypto, officially launches on mainnet
Trending news
MoreCrypto prices
More
