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Longterm Bitcoin Holders Trigger Significant Exchange Inflows

Longterm Bitcoin Holders Trigger Significant Exchange Inflows

user avatar

by Emily Carter

2 hours ago

Recent trends among long-term Bitcoin holders reveal a significant uptick in exchange inflows, raising concerns about potential market volatility. The source reports that this shift, observed on October 3, has caught the attention of analysts and investors alike.

Bitcoin Exchange Inflow CDD Surges

On October 3, Bitcoin Exchange Inflow CDD surged to 45 million, indicating a strong sell intent from long-term holders. This activity was predominantly noted on major platforms such as

  • Binance
  • Twitter
, suggesting that these holders are looking to liquidate their positions.

Market Analysts Brace for Increased Volatility

Market analysts are now bracing for increased price volatility. The heightened sell activity could exert downside pressure on Bitcoin's value. The current trend appears to signal a redistribution phase among investors, prompting caution among financial stakeholders and related industries as they navigate the evolving landscape of cryptocurrency trading.

Amid concerns over Bitcoin's market volatility, the community sentiment for Bittensor's TAO token remains optimistic, with a significant majority voting it as a positive investment. For more details, read more.

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