Bitcoin's Prolonged Cycle Linked to Actions of Original Whales
Impact of OG Whale Sales: Recent sales by OG whales and government liquidations are contributing to Bitcoin's sluggish price action, creating downward pressure on the market.
Shift Towards Altcoins: As Bitcoin faces consolidation, investors are diverting their capital towards altcoins, leading to increased interest in these alternative cryptocurrencies.
Market Dynamics and Investor Confidence: The release of dormant coins by long-term holders is affecting Bitcoin's price stability and investor confidence, with significant implications for crypto treasury firms' valuations.
Potential for Recovery: Analysts suggest that while current supply dynamics are challenging, historical trends indicate a potential recovery for Bitcoin following the absorption of this supply, especially post-halving events.
About the author










