Long-Term Bitcoin Holders Increasing Selling Pressure, Predicts Market Report

According to Odaily, a recent market report by Glassnode indicates that selling pressure from long-term Bitcoin holders, those who have held the cryptocurrency for three months to three years, is on the rise. The report suggests that if prices increase, these individuals may be motivated to sell more of their holdings, thereby increasing their unrealized profits.

Following a relatively stable week in the Bitcoin market, the report predicts an increase in volatility. The selling risk ratios of both long-term and short-term holders have been readjusted, indicating a new equilibrium has been found. This suggests that the market is ready for action and expectations for near-term volatility should intensify.