VanEck Reports Decrease in Sales by Long-Term Bitcoin Holders, Yet Cautious Outlook Persists

Decrease in Selling Pressure from Long-Term Holders?

On the 19th, VanEck, a major US asset management firm, released its latest report on the cryptocurrency Bitcoin (BTC) market. The report analyzes that the selling activity of long-term holders has decreased, potentially signaling a constructive shift.

However, in the options market, positions prepared for a downturn dominate, suggesting that the market may still be in an adjustment phase.

VanEck categorizes Bitcoin based on the number of years held, ranging from one to ten years...