11:45
Analysis: Bitcoin price remains above $90,000, retail investor dumping intensifies
Odaily News Bitcoin is currently hovering in a fragile area just above $90,000, with retail investors dumping, large outflows from ETFs, and continually rising downward hedging pressure continuing to dictate the market structure before the end of the year. Analysts indicate that the current trading records reflect an imbalanced flow of funds—short-term holders and Wall Street investors are dumping heavily, while long-term holders, often referred to as "whales," are steadily accumulating. The head of BRN research pointed out that Bitcoin is at a "crossroads," with large holders continuously increasing their holdings while retail investors and short-term buyers are suffering significant losses. Recently, approximately 31,800 Bitcoins were transferred to exchanges at a loss, while the number of wallets holding more than 1,000 Bitcoins increased by 2.2%, marking the highest growth rate in four months. (The Block)
BTC-4.41%

