Glassnode: The market is gradually absorbing the selling pressure from long-term bitcoin holders
BlockBeats news, on January 12, Glassnode released data on social media indicating that the selling pace of long-term bitcoin holders has slowed down. The net outflow has retreated from extreme levels, suggesting that the market is gradually absorbing the supply from long-term holders, and a significant portion of the overhead supply pressure may have already been largely digested.
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.
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