Krutika Adani
Long-term holders in Bitcoin have been taking profits and selling them. This has been higher among old whales that were last active in the Satoshi Era.
Short-term holders have started accumulation which increases the risk of a crash as these holders easily liquidate their holdings when there is a major correction in price.
In this quarter, several catalysts like interest rate decisions, altcoin season, and ETFs are expected to provide a boost to Bitcoin’s price gains.
Bitcoin has held on to $62k and is expected to make further gains as there appears to be little to no risk to crypto markets in the near future, except the Middle East geopolitics.
Bitcoin might attempt to cross $64k this month as the king of crypto looks to make its way to a new all-time high.