Bitcoin [BTC] managed to lift its price above $27,000, but last week, things again turned in bears’ favor.
Bitcoin’s price fell under $27,000 last week, while short-term holders sold the second-most amount of Bitcoin at a loss this year.managed to lift its price above $27,000, but last week, things again turned in bears’ favor. This happened because BTC witnessed a major price correction, pushing its price down.
Notably, James V. Straten, a popular crypto analyst, recently pointed out how Bitcoin performed over the last week on multiple fronts.For instance, short-term holders sold the second-largest amount of Bitcoin at a loss this year, with record divergence from long-term holders. This somewhat also reflected on the coin’s supply.
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