Crypto
Bitcoin long-term holdings near record high, analysts see slim chance of new low
Analysis suggests bitcoin is far less likely to plunge below $60,000 again as long-term holders keep accumulating, reducing the amount available for immediate sale. Holdings kept for more than a year rose to 71.6 percent of circulating supply, topping 15.04 million BTC. Analysts also pointed to the weekly RSI regaining 50 after oversold levels, a pattern rarely followed by new lows. Miners remain cautious as some holdings move to exchanges.
