Bitcoin’s imminent halving spurs volatility, and stakeholders hold steady amidst market fluctuations.
STH-SOPR ratio downturn suggests panic selling.
As the countdown to Bitcoin’s much-anticipated halving dwindles, the cryptocurrency market finds itself engulfed in a whirlwind of volatility. With only 542 blocks remaining until the event, Bitcoin’s price has been subject to dramatic fluctuations, plunging to lows of $61,500 over the weekend before slightly rebounding.
Despite the turbulence, key stakeholders in the Bitcoin ecosystem remain resolute in their holdings. This unwavering stance comes in the face of mounting concerns surrounding the market’s stability, fueled by a 4% decline in Bitcoin’s price over the past 24 hours. Currently trading at $63,313.68, with trading volume showing a marginal increase of 1%.
Amidst this climate of apprehension, recent data reveals intriguing insights into the behavior of notable whale groups within the Bitcoin market.
BTC
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