⭐⭐More than 728 thousand Bitcoins sold in the last month: 7-month record ⭐⭐
Bitcoin attracted attention yesterday by falling to $91,750. On-chain analysis platform CryptoQuant stated that Bitcoin sales by long-term investors in the last month were effective behind this decline. According to the analysis, long-term investors have sold more than 728 thousand BTC in the last 30 days alone.
These sales emerged as a result of profit realizations following the big rise in Bitcoin and correspond to a value of approximately $67 billion. According to CryptoQuant, long-term investors sold more than 728 thousand Bitcoins in the last month.
CryptoQuant's X account stated, "This is the biggest sell-off since April. In October, the opposite was the case and more than 250 thousand BTC were purchased."
Last November, after Donald Trump won the US elections, Bitcoin experienced a historic rise from $ 70 thousand to $ 99,500.
However, this week started with declines for Bitcoin. The decline experienced on Monday after MicroStrategy's $ 5.4 billion Bitcoin purchase caused the price to fall below $ 95 thousand. Yesterday, Donald Trump's announcement that he would impose customs duties on Canada, Mexico and China further deepened Bitcoin's decline.
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