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Bitcoin long-term hodlers begin ‘distribution’ which preceded BTC price bottoms -Breaking

by Mike Robinson

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Bitcoin long-term hodlers start ‘distribution’ which preceded BTC value bottoms

(BTC) stayed wedged in a decent vary on June 4 as merchants’ calls for for a brand new macro low persevered.

1-hour candle chart (Bitstamp). Supply: TradingView

Knowledge from Cointelegraph Markets Professional and TradingView confirmed BTC/USD caught between $29,000 and $30,000 into the weekend.

Bitcoin long-term holder SOPR annotated chart (screenshot). Supply: CryptoQuant
Bitcoin change netflows chart. Supply: Glassnode