Are Investors Selling Their Bitcoin (BTC) Holdings?

Clear signals have noted that holders of long-term cryptocurrency leader Bitcoin (BTC) are slowly starting to sell their holdings.

After the first relief rally earlier this year in June, investors have profited more than in recent times. Cryptocurrency investors who hold their Bitcoins for more than 6 months appear to be profiting less from the rally than short-term investors. According to Crypto Quant's analysis, long-term Bitcoin holders are profiting less from the current rally than short-term investors. According to Crypto Quant data, long-term holders are slowly putting their cryptocurrencies into the sell trade. This movement indicates the possibility of an upward or downward trajectory for the Bitcoin price. Crypto Quant analysts predict a target between $28,000 and $32,000 in the medium term. There is also a small chance for Bitcoin to overcome the June price drops. The statement made on the subject is as follows: "The aforementioned fact that long-term holders are now profiting more after the initial relief rally in June can be seen by the divergence in the chart. In the shorter term, BTC may retest $23,000, but only after another rejection at $19,000." Additionally, Bitcoin miner reserves have been on a downward trend lately. For Bitcoin investors, this is not seen as a positive sign as it could trigger another price drop.   Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!   The investment information, comments and recommendations in this article do not constitute investment advice. Investment advisory services are provided individually, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.