Long-term Bitcoin Investors Start Selling Again, Predicting Short-term Weakness

Bitcoin’s recent performance suggests a shift as long-term investors, who paused profit-taking in early May, appear to have resumed selling their holdings. This development is notable because it may indicate a bearish outlook for Bitcoin in the short term, according to Bitfinex analysts. Bitfinex analysts stated, “Long-term Bitcoin holders are proceeding with sales again. This […]