Bitcoin
Consolidated above $ 100,000 since the beginning of May. The only time the drop in prices below $ 100,000 was on June 22, which was a weekend when tensions intensified between Iran and the United States
However, due to the generally low volume of negotiation during the weekend, prices are often less reliable during these periods, because crypto is the only industry that is negotiated continuously.
Despite ongoing discussions on public companies that acquire Bitcoin on a global scale, in addition to the availability of funds negotiated on the stock market in the United States, investors are still wondering why Bitcoin has not yet reached new heights of all time above $ 112,000.
The chain data, in particular the breakdown of the supply relaunched by age, shows high bitcoin levels sold by investors who have held their parts for at least 3 years and in some cases for more than 10 years.
Analyst Checkmate provided this data and commented: “Look at all this sale price sale by market manipulators who acquired their parts over 3 years ago and certainly do not sell for lucrative in a bull market … a lot of paper.”
This implies that for each buyer, there is a seller, and on a bull market, the higher the prices of prices, the more the market is likely to find sellers ready to unload their assets.
Checkmate also added: “Always cut laterally. Deletion == Boredom.” As Bitcoin has been consolidating for some time, it is generally where the account of the abolition of the market is gaining ground. However, the data indicates that the persistent sales pressure continues rather than a deliberate deletion.
