Bitcoin Traders Expect Prices to Hit $74K Highs as Selling Pressure Eases

“Short-term Bitcoin holders are selling at basically zero profit and traders are depleting their unrealized profits in the last few months,” CryptoQuant analysts shared in a Thursday report. “Bitcoin balances at OTC desks stabilizing, which suggests there is less Bitcoin supply coming into the market to sell via these entities.”

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Cryptocurrencies: 17,173
Markets: 1,282
Marketcap: $ 2.79 T
24h Vol: $ 108.59 B
BTC Dominance: 58.86%