Over 840,000 New Bitcoin Addresses Suffer Losses Amid Speculations of Impending Sell-Off
Bitcoin's recent surge above $52,000 has been followed by a rebound and pullback frenzy, causing some concern about a potential sell-off. Over 840,000 new Bitcoin addresses that bought BTC during the rally have incurred significant losses, which could lead to increased selling pressure. Crypto analyst Michaël van de Poppe predicts a potential correction before the Bitcoin price peaks between $53,000 and $58,000. Despite this, TradingView has given Bitcoin a "Strong Buy" indicator and the cryptocurrency currently boasts a market capitalization of $1.01 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HIPPOUSDT now launched for futures trading and trading bots
Bitget has launched HIPPOUSDT for futures trading with a maximum leverage of 75, along with support for futures trading bots, on November 13, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. HIPPOUSDT-M perpetual futures: Parameters Details Listi
Russia approves cryptocurrency taxation framework, two-stage taxation system for miners
Cardano Foundation spent $23.7 million in 2023, with total assets of $478.24 million
Metaplanet’s Bitcoin holdings have $28 million in unrealized profits
Trending news
MoreCrypto prices
More
