this post Bitcoin faces $5 billion selling pressure as short holders exit appeared first on Coinpedia FinTech News
Short-term Bitcoin holders led to heavy selling during the recent market decline, sending more than 80,000 BTC worth about $5 billion to Binance in early June. Bitcoin has fallen more than 28% from its peak in May, where it briefly tested $60,000, while investor sentiment has weakened sharply, with the Fear and Greed Index falling below 10. The sell-off…
