Bloomberg: Bitcoin missed the Christmas festivities and shows no signs of recovery, with prices hovering around $87,370.
TL;DR
Bitcoin's price remains stagnant around $87,370, missing the year-end market optimism. Early holders are cashing out at a record pace, with a significant decrease in long-term holdings.
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Odaily Odaily reports that while traditional financial markets experience a seasonal surge of optimism at the end of the year, Bitcoin's price hovers around $87,370, fluctuating between $85,000 and $90,000 with virtually no signs of recovery. Analysts believe this asset, built on hype, volatility, and disruptive factors, has ended the year stagnant. On-chain data shows that the supply of BTC held for at least two years has decreased by 1.6 million coins since the beginning of 2023, worth approximately $14 billion, indicating that early holders are cashing out at the fastest rate in recent years. (Bloomberg)