CoinVoice has learned that Glassnode announced on social media that the selling speed of long-term Bitcoin holders has slowed down. The net outflow has decreased from extreme levels, indicating that the market is gradually absorbing the supply from long-term holders, and a large portion of the supply pressure above may have been essentially digested.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
CoinVoice has learned that Glassnode announced on social media that the selling speed of long-term Bitcoin holders has slowed down. The net outflow has decreased from extreme levels, indicating that the market is gradually absorbing the supply from long-term holders, and a large portion of the supply pressure above may have been essentially digested.