Bitfinex analyst: Gradual selling by long-term holders indicates Bitcoin may enter a consolidation phase

Odaily News Over the past nine days, large Bitcoin holdings have been negative, and Bitfinex analysts said that long-term Bitcoin holders and large investors appear to be behind the recent Bitcoin sell-off, both on exchanges and through over-the-counter transactions. Historically, long-term holders tend to gradually sell their Bitcoin holdings during bull markets, especially when the market enters a consolidation phase. (TheBlock)