Bitcoin on-chain data suggests no bull market top at $60K, selling activity declining
Cointelegraph
Published Apr 11, 2021 07:40AM ET
Updated Apr 11, 2021 02:40PM ET
For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher prices as they hold on to their Bitcoin.
This only adds to the already existing supply shock. If demand remains strong, this is a recipe for another leg up for the BTC price.
h3 Bitcoin selling activity is declining again/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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