π° News Alert...
π Title: Bitcoinβs Next Rally Will Start Once OGs Finish Selling: Analysts
ποΈ Published: 2024-11-01
π Summary: Long-term Bitcoin holders, often referred to as OGs, have recently taken profits at unprecedented levels, with realized gains reaching $1.7 billion daily. This surge in selling activity involves older coins re-entering circulation, signifying a major shift in market dynamics. Analysts suggest that Bitcoinβs next significant rally is likely to begin only after this wave of profit-taking concludes.
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ποΈ Source: Cointelegraph
π #BitcoinMarket #CryptoAnalysis #BlockchainTrends
Cointelegraph
Bitcoinβs next rally will start once OGs finish selling: Analysts
Analysts say Bitcoinβs price suppression stems from OG holders selling while institutions and TradFi have been buying.


