Analytics Firm Says $9,600,000,000 Discrete Profit-Taking On Bitcoin Proved BTC’s Resilience, Outlines Level That Could See Rapid and Intense Sell-Side Pressure
Description
Crypto analytics platform Glassnode is saying Bitcoin ( BTC ) has proven its resilience after a massive stash of the flagship digital asset was sold off last weekend. Glassnode says an unnamed investor disposed of Bitcoin worth nearly $10 billion via Galaxy Digital last weekend, demonstrating Bitcoin’s “growing liquidity profile and market depth.” “This liquidity was put to the test over the weekend, as an early Bitcoin investor, via Galaxy Digital’s services, distributed 80,000 BTC (approximate...
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