Bitcoin Traders Take Some Profits Ahead of Fed Meeting; Expect Higher Volatility

Bitcoin Traders Take Some Profits Ahead of Fed Meeting; Expect Higher Volatility

So far, profit taking among long-term holders is occurring at the most significant rate in bitcoin’s history, according to Glassnode data. “This indicates that long-term holders from the 2021-2022 cycle are capitulating, spending and redistributing their coins, specifically during the last three months,” the firm wrote in a blog post.

Originally Posted on: https://www.coindesk.com/markets/2022/05/03/market-wrap-bitcoin-traders-take-some-profits-ahead-of-fed-meeting-expect-higher-volatility/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Damanick Dantes, Angelique Chen

Written by:

10,504 Posts

View All Posts
Follow Me :

Leave a Reply

%d bloggers like this: