‘Old hands selling out’ metric shows Bitcoin price at risk of HODLers dumping

On-chain data shows dormant addresses are selling BTC, leading some analysts to make bearish calls on Bitcoin price. Old hands are selling their Bitcoin (BTC) holdings, according to glassnode’s Coin Dormancy metric. As shown below, dormant addresses selling BTC marked previous tops in BTC. Coin Dormancy of Bitcoin. Source: glassnode On-chain analyst Willy Woo said […]

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