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Who Sells Bitcoin? Here is the big obstacle to the price rise! - Coin Newsletter
Bitcoin (BTC) price is unable to rise due to selling pressure from short-term holders and retail investors rather than whales and legacy investors.
According to the CryptoQuant analyst, the selling pressure on Bitcoin is not coming from large investors or long-term holders, but rather from retail investors and short-term holders.
For the last 15 days, the selling pressure in Bitcoin has been constantly observed on exchanges. According to data from CryptoQuant's Exchange Inflow Age/Value Bands, short-term investors are among the main sellers, sending around 930 Bitcoins daily. In contrast, long-term investors move an average of 529 Bitcoins daily, indicating that their long-term beliefs are still strong.
The movements of different groups among investors are also noteworthy. The breakdown of sales from April 1 onwards is as follows:
Where does the Bitcoin selling pressure come from?
The main source of selling pressure is not whales and former holders, but retail investors and short-term investors. This can be considered as a classic "shakeout", that is, a market shakeout. As Bitcoin's price moves sideways and volatility narrows, the sell-off in this group stands out as the biggest obstacle to the price rising.