glassnode researcher: huge profit-making selling pressure caused Bitcoin price to fluctuate above $100,000

According to Foresight News, glassnode researcher CryptoVizArt tweeted that the reason why Bitcoin price is trapped in the range of $100,000 to $110,000 is because its long-term holders (holding positions for more than 1 year) sell more than $800 million per day, while giant whale sells more than $440 million per day. The huge pressure to take profits has caused Bitcoin price to fluctuate continuously.



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