The initial owners of Bitcoin have recently carried out a significant selling activity. The dumping of over $100 million worth of BTC into the market occurred after the Federal Reserve's stance of reducing interest rate cut expectations. This movement shows how sensitive OGs are to market movements. Hawkish statements generally create selling pressure on risk assets, and Bitcoin has also been affected. Especially during times of macroeconomic uncertainty, long-term holders tend to lighten their positions. Such sales can put short-term pressure on prices, but the fundamental dynamics of Bitcoin remain unchanged. The market is accustomed to these kinds of fluctuations.

BTC1.62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin