New Bitcoin Addresses Holding $25 Bln BTC Incur Losses, Major Selloff Ahead?

Bitcoin (BTC), the oldest cryptocurrency, has been making waves owing to its surge beyond $52,000. However, the Bitcoin price struggled to sustain that level, being caught in the rebound and pullback frenzy. Moreover, fresh addresses that bought BTC during the rally have incurred significant losses, stirring speculations of a massive sell-off.