Bitfinex: Strategy's Bitcoin Sales Fail to Trigger Panic as 10.83M BTC Sit in Losses

BTC-1.83%
According to Bitfinex Alpha's latest report, Strategy recently conducted its first major Bitcoin sale, yet the market showed strong resilience without significant selling pressure. Currently, 10.83 million BTC remain in unrealized losses while 9.22 million BTC maintain profits. Spot trading volumes have not fully reflected the preceding large-scale capital outflows, suggesting the market may be approaching a bear market bottom formation phase. As long-term holders and large investors resume accumulation, Bitcoin is transitioning from weak-conviction to stronger-conviction holders, with the next 2-3 months potentially confirming a phase bottom.
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