🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
#比特币市场动态# This data is very interesting. Since Bitcoin broke $100,000, long-term holders have begun to sell off in large quantities. This behavior pattern indicates that the market has concerns about overvaluation. Analyzing on-chain data, I noticed that the activity of wallets that have not been used for many years has significantly risen. This may indicate that there will be large fluctuations in the short term. However, in the long run, it is an inevitable process for the market to adapt to the new valuation level. It is recommended to closely monitor capital flows and large holder trading patterns to determine whether $100,000 can become a new support level.