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Cryptocurrency News Articles
Bitcoin (BTC) Long-Term Holders End Selling Spree, a Change in Strategy
Jan 22, 2025 at 07:01 pm
Long-term holders of bitcoin (BTC) seem to ended their selling spree, a change in strategy that's helped convert the psychological $100,000 resistance price into a support level for the first time.
People who have owned bitcoin (BTC) for more than 155 days, on average, have been identified as long-term holders. They are considered "smart money" because they tend to buy when bitcoin prices are depressed and sell into strength, a pattern that's been observed over the past four months, according to CoinDesk research in December.
In September, this cohort held 14.2 million BTC. It now holds 13.1 million BTC. While the investors held back around the start of the year, sales have picked up again in recent days as the price rose, though at a reduced pace.
The trend to watch out for is when they stop selling. This tends to mark a top in the cycle, which has occurred in 2013, 2017, 2021 and 2024.
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- Bitcoin and Dogecoin Correct Lower but 1Fuel Presale Emerges as the Crypto to Buy in 2025
- Jan 22, 2025 at 11:30 pm
- Shortly after recording its new all-time high, Bitcoin corrected to $103k levels. Meanwhile, Dogecoin is down 10% on its 24-hour chart. However, heightened trading activity in both ecosystems could potentially trigger pumps, placing both coins among the best altcoins in 2025.
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- Dogecoin (DOGE) Challengers Emerge: Rexas Finance (RXS), Shiba Inu (SHIB), and Bonk (BONK) Show Remarkable Growth Potential
- Jan 22, 2025 at 11:30 pm
- With its devoted community and whimsical character, the renowned meme coin Dogecoin (DOGE) has long drawn the interest of crypto enthusiasts. But fresh competitors with innovative ideas and strong ecosystems are showing up in the fast-changing realm of cryptocurrencies.
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- Dogecoin (DOGE) Rallies to $10 as Trump's DOGE Department Sparks Speculation
- Jan 22, 2025 at 11:25 pm
- Analyst Ali Martinez has highlighted Dogecoin's potential for significant growth. According to Martinez, $DOGE is trading within a multi-year ascending parallel channel that suggests a bullish price target of $15.
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