Analyst CheckMate says that the BTC price is not suppressed, and their holders are sold in the long run.

Bitcoin

It has been merged over $ 100,000 since the beginning of May. The only time that the price decreased to below $ 100,000 on June 22, which was the weekend when tensions escalated Between Iran and we

However, due to the low low trading volume during weekends, the price procedure is often less reliable during those periods since encryption is the only industry that is constantly trading.

Despite the ongoing discussions about Public companies After getting Bitcoin worldwide, in addition to the availability of the boxes circulating on the stock market in the United States, investors are still wondering why Bitcoin has not yet destroyed its highest levels ever exceeding $ 112,000.

Data on the series, specifically the re -revival collapse, appears High levels of bitcoin are sold By investors who carried their coins for a period of not less than 3 years and in some cases for more than 10 years.

Analyst CheckMate presented this data and commented: “Look at all this repression that is sold by the markets of the market who have acquired their coins for more than 3 years and certainly do not sell for profit in the bull market … a lot of paper.”

This means that for every buyer, there is a seller, and in the emerging market, the higher the prices, the higher the possibility that the market will find the sellers ready to empty their holdings.

CheckMate added more“Always cut side by side. Fish == Boredom.” Bitcoin has also been combined for some time, and this usually acquires the narration of the traction market. However, the data indicates that continuous sale pressure continues instead of offering repression.