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BTC
$107,687.10
seems to be in a transition phase which is similar to what happens when a company goes public.
This comparison comes from Jordi Visser, an analyst of the financial markets, who stated Long-time Bitcoin holders are gradually selling their assets as newer participants begin to build positions.
Speaking on a podcast welcomed by entrepreneur Anthony Pompliano, and also in a Post substackVisser described this period as slow but steady change.
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Older Bitcoin wallets that have held coins for years are starting to move their assets. This did not happen in haste, but in a consistent manner. Meanwhile, new investors buy during price drops.
Visser noted that such periods often feature sideways price action. Despite broader market gains or solid fundamentals, assets at this stage are not always followed.
The Crypto Fear & Greed Indexwhich tracks public sentiment towards the crypto market, has shown “fear” for several consecutive days.
However, Visser noted that interest in Bitcoin it continues through other signalssuch as the approval of exchange-traded funds (ETFs), the increased activity of the Bitcoin network, and the wider use of stablecoins.
According to Visser, the The shift from early adopters to a broader investor base is part of Bitcoin’s growth. It may take several more months to be played out, as initial public offerings do in traditional finance.
Recently, David Duong, who leads investment research at Coinbase
$1.61 billion
Institutionally, it has been stated that the main Bitcoin-holding companies have paused new purchases since October 10. What happened? Read the full story.
