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CryptoQuant: The average return of long-term Bitcoin holders reached 215%, and approaching 300% may trigger a sell-off
Odaily News CryptoQuant analyst Axel Adler Jr said that long-term Bitcoin holders (LTH) usually start to sell off in large quantities when the return exceeds 300%. At present, the average return of LTH has reached 215% of the cost price. The market is in the range between orderly profit-taking and potential selling, and we need to pay attention to possible market fluctuations in the future.
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