BUSINESSDECRYPT
Bitcoin Tests $63K as Long-Term Holders Keep Selling at a Loss
Bitcoin is testing $63,000 as long-term holders sell coins at a loss. A macro risk-off environment is dragging down Bitcoin's price, with two-thirds of coins moving to exchanges coming from long-term holders in losses.
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Adjacent reporting
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- Bitcoin’s great rotation: Long-term holders pass supply to a new generation of buyers
- Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%
- In the green: 70% of long-term holders are in profit as the bitcoin floor hardens
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