Analysis: Bitcoin price remains above $90,000, retail investor dumping intensifies

BTC-1,73%

Odaily News Bitcoin is currently hovering in a fragile area just above $90,000, as retail investors dump, ETF funds flow out in large amounts, and the rising downward hedging pressure will continue to determine the market structure before the end of the year. Analysts indicate that the current trading records reflect an imbalanced flow of funds - short-term holders and Wall Street investors are dumping a large amount, while long-term holders, often referred to as “whales”, are steadily accumulating in an orderly manner. The head of BRN research pointed out that Bitcoin is at a “crossroad”, with large holders continuously increasing their holdings, while retail investors and short-term buyers are suffering significant losses. Recently, approximately 31,800 Bitcoins have been transferred to exchanges at a loss, and the number of wallets holding more than 1,000 Bitcoins has increased by 2.2%, marking the highest growth rate in four months. (The Block)

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