AMBCrypto reported earlier that BTC may witness a short-term price correction as there was a movement of coins from long-term holders (LTHs) to short-term holders (STHs). The token’s Binary CDD continued to remain red, meaning that long-term holders’ movements in the last seven days were higher than average. Its aSORP was also red. This suggested that more investors were selling at a profit. In the middle of a bull market, it can indicate a market top.
BITCOIN: WHY A DROP BELOW $50.5K WILL BE BAD NEWS
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Source: AMB Crypto