Traders Eye Bitcoin Stability Amid Low Selling Activity
Photo: Coinfomania
Bitcoin shows reduced selling pressure as only 4.4% of older coins moved to exchanges. This could reshape market dynamics — here's why it matters. Bitcoin is showing signs of stability as it faces reduced selling pressure. According to a recent tweet by CryptoQuant, only 4.4% of Bitcoin aged 6-12 months that moved in the last 30 days ended up on exchanges. This shift in dynamics suggests that those who purchased at higher prices are holding onto their assets. As the market waits for new buyers to emerge, the implications for price movement could be significant.
Source: Coinfomania
