IntoTheBlock: Investors tend to hold their coins and observe rather than panic sell
According to analysis by IntoTheBlock, despite the pullback in Bitcoin prices, the net outflow trend from exchanges continues. The data suggests that investors are more inclined to hold onto their coins and wait rather than panic sell, indicating that the current market accumulation trend still exists.
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
Bloomberg ETF analyst: Grayscale may launch its first Dogecoin ETF
Data: BitMine currently holds approximately 3.56 million ETH, with an unrealized loss of $2.98 billion.
Data: A certain whale deposited 10 million USDC into Hyperliquid and went 20x long on BTC.