This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Bitcoin experienced significant sell pressure today, briefly dropping to $74,604 before rebounding above $79,000. Analysts warn that long-term holders may be preparing to sell, as indicated by a spike in Exchange Inflow CDD. Meanwhile, short-term holder metrics suggest a possible cooling trend.
- Exchange Inflow CDD surge suggests long-term Bitcoin holders may be preparing to sell, historically preceding price corrections.
- Short-term holder realized price trends downward, resembling patterns seen at previous market peaks, signaling potential distribution.
- Bitcoin's price remains volatile, down 3.1% in 24 hours and nearly 30% from its January peak above $109,000.
📎 Related coverage from: newsbtc.com
Related Tags: Bitcoin
Other Tags: CryptoQuant, IT Tech