Over 840,000 New Bitcoin Addresses Suffer Losses Amid Speculations of Impending Sell-Off
Bitcoin's recent surge above $52,000 has been followed by a rebound and pullback frenzy, causing some concern about a potential sell-off. Over 840,000 new Bitcoin addresses that bought BTC during the rally have incurred significant losses, which could lead to increased selling pressure. Crypto analyst Michaël van de Poppe predicts a potential correction before the Bitcoin price peaks between $53,000 and $58,000. Despite this, TradingView has given Bitcoin a "Strong Buy" indicator and the cryptocurrency currently boasts a market capitalization of $1.01 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Californian Man Sentenced to Prison For 7 years for Crypto Laundering
Hyperliquid Hits $1 Trillion in Trading Volume, Rivals CEX
Ethereum Forms Potential Bottom as Price Holds Above $1,900 Support

Solana Confirms Hidden Bull Divergence: Is a 107% Surge Now in Play?

Trending news
MoreCrypto prices
More








