FTX Fallout: Data Shows Long-Term Bitcoin Holders Are Selling

Ftx fallout: data shows long-term bitcoin holders are selling

CoinDesk published this video item, entitled “FTX Fallout: Data Shows Long-Term Bitcoin Holders Are Selling” – below is their description.

Investors who have held bitcoin (BTC) for six months or more have sold at least some of their coins since crypto exchange FTX collapsed, according to Glassnode. The selling is a sign of a lack of conviction among long-term holders, which could spell more trouble ahead for the price of the cryptocurrency. “All About Bitcoin” host Lawrence Lewitinn breaks down the Chart of the Day.

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CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.

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