Analyst: In recent months, long-term investors have been taking profits by selling, while new entrants continue to accumulate and hold for the long term.
Jinse Finance reported that CryptoQuant.com analyst Crazzyblock stated, "The pattern has remained consistent in recent months: long-term investors are taking profits by selling, while new market entrants continue to accumulate and choose to hold for the long term." This can be understood through bitcoin's realized dominance and its reflection of market behavior.
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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All three major U.S. stock indexes closed lower, with the Nasdaq down 2.04%.
All three major U.S. stock indexes closed lower, with the Nasdaq falling 2%.
The Dow Jones Index closed down 251.13 points, with both the S&P 500 and Nasdaq also declining.
Data: Machi Big Brother re-enters the market with a long position of 988 ETH, liquidation price at $3,120
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