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Analyst: Since Bitcoin broke $100,000 earlier this year, hodlers have been continuously selling their Bitcoin.

By: theblockbeats.news|2025/09/02 06:32:20

BlockBeats News, September 2nd: Coindesk analyst Omkar Godbole stated that Bitcoin long-term holders, including wallets that have been inactive for many years, have been continuously selling since Bitcoin broke $100,000 earlier this year.

Investors believed that the $100,000 Bitcoin price was too high and chose to take profits, indicating that the market may need some time to adjust to $100,000 as the new normal for Bitcoin. We may continue to see volatile trading to help investors gradually adapt to this elevated valuation level.

Whale Accumulated 260,000 ETH in the Last 24 Hours

After spending a day at a golf course near Washington, Trump has returned to the White House and pushed back against "critically ill" rumors.