Bitcoin Price Prediction as $8 Billion Trading Volume Comes In – Is the BTC Sell-Off Finally Over?

In light of a remarkable $8 billion trading volume influx, Bitcoin’s future valuation has become a hot topic among traders and investors. 

This surge has sparked a flurry of speculation – could this be the end of Bitcoin’s recent sell-off? 

This Bitcoin price prediction seeks to explore potential Bitcoin price trajectories and discuss whether we are witnessing the conclusion of the cryptocurrency’s recent downturn.

Unprecedented Dormancy in Bitcoin’s Supply Indicates Strong Hodling Behavior Amid Market Volatility

Recent data from on-chain analytics firm Glassnode reveals a record-breaking level of inactivity in Bitcoin’s supply.

According to the firm’s tweet, about 40.083% of the total Bitcoin supply has been dormant for over three years, marking an unprecedented event in the cryptocurrency’s history. 

This suggests that a substantial number of Bitcoin owners have held onto their assets, unfazed by the drastic price swings that are a hallmark of the Bitcoin market. 

This suggests that a substantial number of Bitcoin owners have held onto their assets, unfazed by the drastic price swings that are a hallmark of the Bitcoin market. 

Source: cryptonews.com