According to a recent report by COINOTAG News, significant movements in the Bitcoin market have been observed. On November 27th, prominent investor Anthony Pompliano highlighted in a client correspondence that long-term holders have liquidated approximately $60 billion in Bitcoin within the last month. This trend is particularly noteworthy following the aftermath of the FTX collapse two years ago, which saw Bitcoin plummet to a low of $15,479. Notably, November has recorded a substantial 21% of Bitcoin sales attributed to long-term holders, signifying the most significant profit-taking activity witnessed in this current market cycle. As the cryptocurrency landscape continues to evolve, these dynamics underscore the importance of monitoring investor behavior and market sentiment.
Source: https://en.coinotag.com/breakingnews/bitcoin-long-term-holders-cash-out-60-billion-sold-marking-largest-profit-taking-since-ftx-collapse/