Analyst: Bitcoin Long-Term Holders Accumulate BTC During Market Pullback
According to a report by Jinse Finance, as reported by Cointelegraph, CryptoQuant analyst Amr Taha stated: Short-term over-leveraged traders have been completely washed out, while long-term holders have quietly seized the opportunity of market reset. While short-term traders face margin calls and forced liquidations, long-term holders (LTH) have taken a completely different approach by increasing their Bitcoin accumulation. Long-term investors are using this wave of sell-offs to increase their holdings and accumulate more Bitcoin for long-term positioning.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Forward Industries lost $56 million in SOL holdings last week
Data: 458 million SUN transferred from SUN.io to Justin Sun, worth approximately $9.6 million
Data: Justin Sun transferred 11.5633 million USDT, worth 11.5633 million USD
