Bitcoin News Today: Are Long-Term Holders Selling Bitcoin Strategically or Does It Signal Market Weakness?
- Bitcoin long-term holders (LTH) sold 1.57M BTC, reducing supply to 13.6M BTC, signaling a "smart-money distribution phase" as prices near $80,000. - The sell-off coincided with a 31% November price drop to $82,000, driven by rising U.S. yields and Fed hawkishness, raising concerns about the bull cycle's strength. - LTH insider Eric Buss sold 162,722 shares via a prearranged plan, while analysts project a 46.55% upside for LTH stock despite historical overoptimism in price targets. - Bitcoin struggles to
The cryptocurrency sector is undergoing a major transformation as
This LTH selling trend is happening at the same time as a notable insider move at
Bitcoin’s recent price movements highlight the market’s vulnerability.
Institutional factors add complexity to the outlook.
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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