—Read Here— “Blockchain data shows that the latest bitcoin market correction,” said Muyao Shen from Coindesk, “which sent the oldest cryptocurrency down by more than 35% from its peak price above $64,000, may have been driven by panic selling from investors who bought during the recent bull market.”
She goes on to cite blockchain data analytics firm, Glassnode’s, Monday post asserting that short-term holders of Bitcoin that made up a lion’s share of the panic selling that accounts for the world’s biggest crypto’s major correction over the last week.
To people who have been in long term BTC positions this dip is looking like an opportunity to increase their positions at a discounted rate Shen reports.
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