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Bitcoin Price Remains Unmoved Despite Short Term Holders Capitulating

source-logo  coingape.com 27 June 2021 10:10, UTC

The number of Bitcoin (BTC) investors or traders selling off the digital currency on a short-term basis is declining, albeit, the trend is not impacting the price of the premier cryptocurrency. According to Glassnode’s on-chain data, the beginning of this year saw a lot of buying actions as prices soared from a base of about $29,000 to a peak of over $64,000 by April. This period coincided with the period of extreme Optimism and Anxiety amongst investors.

coingape.com