 | VanEck says bitcoin’s downturn is being driven by mid-cycle wallets while the oldest holders keep accumulating, with futures data showing washed-out market conditions. Asset manager VanEck says mid-cycle holders who last moved coins within five years are driving bitcoin’s latest sell-off. The firm says long-term holders remain steady while open interest and funding levels point to reset futures positioning. Other analysts cite OG selling, October deleveraging and offshore trading volatility as additional pressures on bitcoin. So basically buy and hold I guess? [link] [comments] |
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