Shift In Momentum

"According to Glassnode, long-term Bitcoin holders have sold around 62,000 BTC since mid-October, even as whales continue to accumulate.

The market currently reflects a shift in momentum — short-term buyers have largely exited, while downside buyers have yet to show sufficient strength to absorb the ongoing supply.

This imbalance highlights a cooling phase where conviction among new participants remains limited despite underlying accumulation by larger entities." -Crypto VIP Signal

Posted using SoMee