According to Mars Finance, on December 18th, Glassnode analyst Chris Beamish, based on data on "changes in net positions of long-term Bitcoin holders," stated that current long-term BTC holders are continuing to distribute their holdings, and as the supply continues to enter the market, they are increasing their selling pressure.
Opinion: Selling pressure from long-term Bitcoin holders has been increasing recently.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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