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On-Chain: The 4 Major Reasons for the plummet and the Answer to Why Bitcoin is Not Rising
As short-term demand contracts, more than 800,000 BTC have been sold or moved in the last 30 days. Some of these transfers are considered OTC sales, while others are distributions to wallets, but they are interpreted mainly as sales.
Treasury companies have essentially stopped buying, and some have even sold part of the shares they own.
Short-term investors are turning every rise into a selling opportunity, which is why the rallies are very short-lived.
#BTC #BitcoinPriceWatch