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.
You may also like
Standard Chartered: Bitcoin and Ethereum custody services to be launched in Hong Kong next year
Two new wallets accumulated LINK tokens worth $2.3 million today.
Two new addresses have accumulated over $2.3 million worth of LINK, with an average purchase price of $16.45.
Trending news
MoreCrypto prices
More
