Long-Term Bitcoin Holders Just Stopped Selling After a 260,000 BTC Dump

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Long-Term Bitcoin Holders Just Stopped Selling After a 260,000 BTC Dump

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Source: View source · web

Why it's worth your time

The only supply-side read on file for the week bitcoin jumped 6.26% in a single Friday session with no catalyst attached to it. Three days before that move, Yahoo Finance reported that long-term holders halted a 260,000-coin distribution. If Friday had a mechanism, a supply stoppage of that size is the most plausible one on the record — and it is the one question worth carrying into next week. The desk's copy of this piece is headline-only, so read the original for the numbers behind it.

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