Bitcoin – What should traders expect after sell pressure hits 3-year-high?
Bitcoin is currently experiencing its strongest selling pressure in three years, as market sell orders significantly outnumber buys. While this intense selling is unlikely to last long and may signal a market bottom followed by consolidation, the overall market structure remains risky for buyers. Despite a rising holder retention rate indicating growing long-term confidence, analysts warn that any price bounce should be viewed as a selling opportunity rather than the start of a recovery, as rallies are hard to sustain under current conditions.
ambcrypto12/23 07:04
