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.

CoinDesk YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - CoinDesk

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.

Recent from CoinDesk:

Shuttered AAX Closing Out Derivatives as it Hopes to Reopen

Bitcoin Nearing $17K Despite BlockFi Bankruptcy Filing

Former SEC Counsel on BlockFi’s Bankruptcy Filing

In This Story: Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

4 Recent Items: Bitcoin

Stock Market Coverage – Thursday Afternoon December 1 Yahoo Finance

Bitcoin Nearing $17K Despite BlockFi Bankruptcy Filing

Bitcoin briefly tops $17K, and SBF continues to speak publicly post-FTX collapse: CNBC Crypto World

All About Bitcoin

In This Story: FTX

FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019.

1 Recent Items: FTX

Sam Bankman-Fried blabbing to multiple media outlets: Jessica Tarlov #shorts

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.