Ten days ago, we saw an abnormal spike in profit-taking by long-term holders — the volume was quite impressive, and no such anomalies had been observed over the past year. However, the price continued to be pushed higher. How long this will last is hard to say.
Major players, such as investment funds, have entered the game, using BTC as a reserve asset to protect capital from inflation. But how long this trend will continue remains an open question. Meanwhile, BTC is being heavily promoted on social media as it hits new all-time highs, while altcoins remain stagnant...
Written by Onchain School
