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Glassnode Analyst: Massive Profit-Taking Pressure Causes Bitcoin Price to Fluctuate Above $100,000

Glassnode Analyst: Massive Profit-Taking Pressure Causes Bitcoin Price to Fluctuate Above $100,000

ForesightNewsForesightNews2025/07/02 08:22
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According to Foresight News, glassnode analyst CryptoVizArt tweeted that the reason Bitcoin's price is stuck in the $100,000 to $110,000 range is that its long-term holders (holding for over one year) are selling more than $800 million worth of Bitcoin daily, while whales are also selling over $440 million daily. The significant profit-taking pressure is causing Bitcoin's price to remain volatile.

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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.

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