BlockBeats News, November 26, Recently, a "sell-off drama" has unfolded in the Bitcoin market, attracting the attention of many investors. According to data from Glassnode, long-term holders (LTH) of Bitcoin have recently begun to sell off in large quantities, with monthly sales reaching the highest level since April 2024, totaling 366,000 BTC sold.
Among these long-term holders, the group holding coins for 6 to 12 months has become the "main force" in the sell-off. They are selling an average of 25,600 BTC per day, almost dominating most of the recent selling activities. This phenomenon has undoubtedly shocked the market and sparked many speculations about the future price trends of Bitcoin.
So, what does this sell-off mean? For some investors, it may be a good opportunity to reassess their investment strategies. For others, it might just be a part of the natural market fluctuations, without the need for excessive worry.
Of course, market changes are always full of uncertainty, but that is precisely the charm of the cryptocurrency world. Whether you are a holder or a spectator, you are welcome to share your views and predictions in the comments! What impact do you think this sell-off will have on the future of Bitcoin? 💭
In this ever-changing market, it is crucial to remain calm and rational. No matter how the market fluctuates, understanding market dynamics and managing risks are always essential lessons for investors. Let’s pay attention to the upcoming market trends together and look forward to more exciting crypto stories!