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Confidence editorial: Contents examined by industry experts. 🧐 Advertising disclosure.
Analyst Axel Adler Jr. highlights a development that could boost Bitcoin. Long-term holders (LTH) seek to stop selling pressure.📉
LTH activity is positive for BTC. Pressure is at its lowest point in a year. LTHs prefer holding. A further drop to 1.0% could eliminate selling pressure and encourage market entry.💰
Most LTHs entered at $25,000. Unlikely to see a resurgence of sales. Bitcoin traded at $85,226. Needs a market catalyst for a rally.📈 Market cap: $1.67 billion.
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