Increasing Bitcoin Selling Pressure Amid Rising Altseason Speculation
Bitcoin Supply Dynamics: Approximately 62,000 BTC have been moved from long-inactive addresses, creating new resistance levels and signaling a potential end to a supportive trend for Bitcoin, as the shrinking pool of dormant coins may hinder upward price movement without strong new demand.
Whale Accumulation vs. Small Wallet Selling: While smaller wallets (0.1 to 10 BTC) are net sellers, large whale wallets are accumulating Bitcoin, indicating that institutional investors may be positioning for long-term strength despite short-term challenges.
Altseason Speculation: Market optimism is rising in the altcoin sector, with expectations that the Federal Reserve's potential shift from Quantitative Tightening to Quantitative Easing could trigger a significant altcoin rally, similar to past cycles.
Caution Amidst Optimism: Some analysts warn that Bitcoin may have reached its peak, suggesting a possible cyclical cooldown before the next advance, as selling pressure from dormant coins and cautious sentiment could lead to short-term consolidation.
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