-These Investors Made $850 Million in Bitcoin Revenue? Will Fear or Greed Win? -
Taking advantage of Bitcoin's latest price surge, short-term investors sold 14,816 BTC worth about $850 million.
According to an analyst named AliCharts, who shared on Twitter on September 10, with the recent surge, there has been a lot of Bitcoin selling from short-term investors. According to the analyst, this development shows that Bitcoin holders, especially short-term ones, are moving to make profits when the price fluctuates.
In his statement, the analyst made the following observations:
'Short-term Bitcoin holders took advantage of the recent price surge and sold 14,816 BTC worth about $850 million and currently, we do not see a good reason for this.'
Such movements by short-term investors in the cryptocurrency market can lead to price volatility. It is predicted that the issuance of a large amount of Bitcoin can put pressure on prices as well as create buying opportunities for long-term investors.
Bitcoin has gained 10% in about 3 days, reaching $57,500 from $52,500, according to CoinGecko data.
