#内容挖矿
It hit a stage high of $70,000 today, which indeed prompted many long-term holders to leave the market. What is different from Saturday is that this time there were a lot of departures in a large number of early profit-making positions, while on Saturday there were only two price positions with a large number of departures.
Those most affected were investors with positions between $16,000 and $42,500, with more than 100,000#BTCchanging hands. This happens to be some of the holders of#Bitcoinspot ETFs from the bottom of this cycle through its passage. The last time a major sell-off occurred in this range was after the $73,000 breakout.
This part of BTC accounts for more than half of the total circulating supply in the last 24 hours, while the other half comes from short-term bottom-hunting investors, which is within our expectations. During the correction from US$62,500 to US$66,000, bargain hunting was the most active, and the reduction of holdings is also in line with the strategy of short-term investors. BTC holdings with a holding price above $70,000 are still executing according to the established script. Even if the price rises, there are no signs of large-scale reductions, especially the recent highest holdings of $73,000, with less than 300 in the past 24 hours. BTC exits.
