Bitcoin Long-Term Investors Profiting with 326% Gains: Can Rising Demand Sustain Stability for BTC?
Amid Bitcoin’s ongoing price surge, long-term holders are taking advantage of the opportunity to cash out, realizing profits of around 326% on their investments with an average buying price of $23.4K.
This increase in profit-taking has introduced additional selling pressure into the market. Nevertheless, Bitcoin has shown remarkable resilience by absorbing the surplus supply.
What motivates these long-term holders to liquidate their assets now? And how are new investors entering the market to uphold its upward trajectory?