Bitcoin's price is playing hopscotch between $57.5K and $62K, and traders are biting their nails! đ„ł Retail investors, especially those dropping $10K or less, are the key players in this rollercoaster.
From late July to early August, retail demand gave Bitcoin a temporary boost. But as their enthusiasm waned, Bitcoin struggled to stay above $62K. Short-term holders, those with Bitcoin for 1-6 months, are also stirring the pot, especially around the $64K-$66K resistance zone.
Whales have been less active, and ETF demand is sluggish. Yet, long-term investors are hoarding Bitcoin like it's going out of style! đ
What do you think? Comment below!