strong buy
Bitcoin Long-term Holders Start Selling, Slightly Slowing Uptrend
Market analyst Axel Adler Jr from Cryptoquant has reported a significant shift among long-term Bitcoin holders, indicating they are increasing their sales into the market. This activity, reflected by an exceptionally high monthly and yearly Capital Destruction Ratio (CDD) of 0.25—comparable to historic peaks in 2014 and during the 2019 correction—suggests a large-scale transfer of dormant coins. Despite this, inflows from treasury demands and Bitcoin ETF funds remain robust, implying that although the long-term holders are distributing their holdings, the overall upward momentum of Bitcoin is unlikely to be halted completely; instead, it may only experience a slight deceleration.
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AI Analysis
The recent analysis by Axel Adler Jr highlights a key development in Bitcoin’s market dynamics. The record-high CDD ratio suggests that long-term holders, who previously maintained significant dormant...
AI Recommendation
Investors should monitor the Bitcoin price action closely around the noted volume of long-term holder selling. A cautious approach would be advisable, considering this may lead to short-term dips or c...
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.