Home Cryptocurrency Bitcoin (BTC) Prices Could Hit Highs of $74K as Selling Pressure Eases, Traders Say

Bitcoin (BTC) Prices Could Hit Highs of $74K as Selling Pressure Eases, Traders Say

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“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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