According to a recent report by Cointelegraph, there is a potential top for Bitcoin as long-term holders have sold 828,000 BTC in just 30 days. This significant amount of selling from long-term investors could indicate a potential peak in Bitcoin’s price.
The selling of such a large amount of BTC by long-term holders suggests that they may be taking profits after holding onto their investments for an extended period. This could signal a shift in sentiment among long-term holders, potentially leading to a decrease in demand for Bitcoin.
It is important to note that this data is based on historical trends and patterns, and there is no guarantee that the price of Bitcoin will indeed reach a peak. However, investors should be cautious and monitor the market closely as this selling activity could have an impact on Bitcoin’s price in the near future.