IntoTheBlock: long-term holders not selling as hard as past bull market peaks, or signaling new cycle dynamics
A chart analysis posted by IntoTheBlock on the X platform on November 5 says that this cycle is markedly different from previous cycles. While long-term holders are selling, the selling is not as strong as past bull market peaks. This mild sell-off suggests a shift in the situation, with investors cautious about BTC's current market phase, which could signal a new cycle dynamic.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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A wallet address sold 1.44 million TRX via SunSwap in exchange for 460,000 USDT.
Data: Whales have cumulatively withdrawn approximately 13.4 million USDT from a certain exchange.
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