“Short-term Bitcoin holders are selling at basically zero profit and traders are depleting their unrealized profits in the last few months,” CryptoQuant analysts shared in a Thursday report. “Bitcoin balances at OTC desks stabilizing, which suggests there is less Bitcoin supply coming into the market to sell via these entities.”
Related posts
-
Bitcoin ATM installations reach 38k, below the all-time high
The global Bitcoin ATM market has seen significant growth. There are now over 38,000 Bitcoin ATMs... -
The Six-Digit Struggle: What if Bitcoin Falls Short of $100K?
As bitcoin continues to lead the cryptocurrency market, its notable climb beyond previous peaks has drawn... -
Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs
June was much rougher for Bitcoin than many expected at the beginning of the month. This...