On September 2, Coindesk analyst Omkar Godbole stated that Bitcoin long-term holders, including wallets that have not been used for years, have been continuously selling since Bitcoin broke through $100,000 at the beginning of this year. Investors believe that the $100,000 price for Bitcoin is too high and have chosen to take profits, which also means that the market may need some time to adjust to $100,000 as the new normal for Bitcoin. We may continue to see fluctuation trading, allowing investors to gradually adapt to this high valuation level.
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Analysts: Since Bitcoin broke $100,000 at the beginning of this year, long-term holders have been continuously selling Bitcoin.
On September 2, Coindesk analyst Omkar Godbole stated that Bitcoin long-term holders, including wallets that have not been used for years, have been continuously selling since Bitcoin broke through $100,000 at the beginning of this year. Investors believe that the $100,000 price for Bitcoin is too high and have chosen to take profits, which also means that the market may need some time to adjust to $100,000 as the new normal for Bitcoin. We may continue to see fluctuation trading, allowing investors to gradually adapt to this high valuation level.