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Bitcoin 'Diamond Hands' Holders Could Signal Resistance Amid Price Dip
Bitcoin holders aged between three and five years have slowed down their selling activity but still retain a significant share, accounting for 11.9% of the circulating supply. This group is known as 'diamond hands' and may be waiting for higher prices before selling their BTC. Currently, Bitcoin trades around $105,800 and has decreased by 3% over the past week, making this group a potential resistance source if the bullish trend continues.
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AI Analysis
Bitcoin's current trading price of approximately $105,800 reflects a recent 3% decline over the past week, indicating a short-term downtrend. Despite this, a notable proportion of long-term holders, s...
AI Recommendation
Given the current situation, it is advisable to keep a close watch on the behavior of these long-term holders, especially if the bullish trend resumes. Their substantial holdings can serve as a resist...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.