Bitfinex analyst: Gradual selling by long-term holders indicates that Bitcoin may enter a consolidation phase

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ODAILY
06-18
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Odaily Odaily News: Over the past nine days, large Bitcoin holdings have been negative. Bitfinex analysts said that long-term Bitcoin holders and large investors seem to be the driving force behind the recent Bitcoin sell-off, both on exchanges and through over-the-counter transactions. Historically, long-term holders tend to gradually sell their Bitcoin holdings during bull markets, especially when the market enters a consolidation phase. (TheBlock)

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