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Bitcoin News Roundup for April 24, 2020
BTC could hit $9K this year and Purse might have a second life. It's CoinDesk's Markets Daily Podcast.
Updated Sep 14, 2021, 8:33 a.m. Published Apr 24, 2020, 4:00 p.m.
BTC could hit $9K this year and Purse might have a second life. It's CoinDesk's Markets Daily Podcast.
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Today's stories:
First Mover: Bitcoin Jumps as Fed Assets Top $6.5T and Traders Focus on Halving
Bidooh Founders Admit to Cloning Business for Rival Advertising Venture
Immunity Passes Explained: Should We Worry About Privacy?
Bitcoin Startup Purse May Have a Lifeline After All
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Bitcoin’s Long-Term Holders Hit Cyclical Low as Sell Pressure Finally Eases
Long-term holder supply bottomed when bitcoin sank to $80K, signaling that the wave of spot-driven selling may be nearing exhaustion as prices rebound to $90K.
Що варто знати:
- Long-term holder supply fell to 14.33M BTC in November, its lowest level since March, coinciding with bitcoin’s $80K correction low.
- The rebound to $90K suggests the bulk of spot-driven selling from seasoned holders has passed after a 36% peak-to-trough decline.
- Unlike prior cycles, LTH behavior in 2025 shows more measured distribution rather than blow-off-top capitulation, signaling a shift in market structure.
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