BTC Short-Term Holders May Dump More if Price Drops More
CryptoNewsTerminal Staff16 Jul, 2024
BTC Short-Term Holders May Dump More if Price Drops More
On-chain analytics provider TheBitcoinResearch stated that several short-term Bitcoin (BTC) holders bought their tokens at prices higher than today's price. If prices fall further, that could escalate selling pressure. Checkmate, a senior analyst at on-chain analytics provider Glassnode, reshared the tweet, highlighting the potential impact of short-term holders on BTC's price action.