Bloomberg: Long-term holders sold over $45 billion in BTC in the past month, causing a severe market downturn.

On November 5, Bloomberg reported that Bitcoin fell by 7.4% on Tuesday, dropping below the $100,000 mark for the first time since June this year. Over the past month, long-term Bitcoin holders have sold approximately 400,000 Bitcoins, equivalent to about $45 billion in capital outflow, causing an imbalance in the market. This round of decline is mainly driven by continuous dumping in the spot market, with market attention focused on those long-term holders who have chosen to sell.

BTC3.22%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)