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Is the Bitcoin Bull Run Over? Market Signals Point to Increased Selling Pressure
I interpret the recent Bitcoin market analysis as indicating that the ongoing cryptocurrency bull run might be nearing its end. The detailed on-chain data and technical insights suggest that while Bitcoin has broken previous all-time highs, significant long-term holder (LTH) selling has begun, exemplified by the movement of about 80,000 BTC from dormant wallets. This indicates a potential shift in market sentiment, as LTHs tend to sell into strength in late-cycle phases.
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AI Analysis
The analysis presented highlights a critical moment in Bitcoin's price cycle. The fact that long-term holders are starting to sell—particularly the significant movement of Satoshi-era Bitcoins—points ...
AI Recommendation
Based on these insights, I recommend caution for investors considering new long positions at current levels. While Bitcoin has demonstrated resilience around $112,000, the increased long-term holder s...
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.