Long-Term Bitcoin Holders Turn Net Buyers, Easing Downward Price Pressure
Long-term Bitcoin holders have shifted to net buying for the first time since July, easing downward price pressure after a major sell-off, with Bitcoin trading near $88,000.
Bitcoin has sharply underperformed gold and silver in the "debasement trade," falling over 30% from its peak, as analysts cite risk asset correlation and long-term holder selling, while gold and silver hit record highs.
#YonhapInfomax #Bitcoin #Gold #DebasementTrade #LongTermHolders #PriceDecline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=96358Bitcoin briefly fell below its Metcalfe-based fair value for the first time in two years, historically signaling strong 12-month returns; analysts see easing selling pressure and improved network fundamentals as Bitcoin rebounds above $90,000.
#YonhapInfomax #Bitcoin #MetcalfeValue #NetworkFundamentals #LongTermHolders #MarketCorrection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=93653
Bitcoin Falls Below 'Fair Value' for First Time in Two Years—Signals Potential 132% Gain Over Next 12 Months
Bitcoin briefly fell below its Metcalfe-based fair value for the first time in two years, historically signaling strong 12-month returns; analysts see easing selling pressure and improved network fundamentals as Bitcoin rebounds above $90,000.
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