๐ค๐๐๐ ๐๐๐๐ ๐๐๐๐ผ๐๐ฟ ๐๐๐๐ 8$ ๐๐๐ฟ๐ ๐ผ๐๐ฟ ๐๐๐๐ ๐พ๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐ ๐๐๐๐๐๐ฟ ๐๐๐๐๐๐ฐ๐ค๐ธ
#BITCOINย BULL RUN๐จ: A Double-Edged Sword? โ๏ธ
Bitcoin's recent surge to $73,000 may have triggered a hidden force: increased SELLING PRESSURE๐ป. This echoes past bull runs, where new highs coincided with "distribution phases" (represented by lighter colors). Essentially, investors cash in on profits, potentially slowing the rally.
Analysts at Glassnode suggest this is a natural market response to rising demand. Dormant supply (coins held for long periods) gets activated as investors see opportunities.
While this might cause a temporary price dip forย $BTCย , it doesn't necessarily signal a bear market.๐ป
Understanding these market dynamics can be valuable for informed trading decisions.๐ค
What's Your Opinion on This??
