Bitfinex: Long-term Bitcoin holders realize profits again, which may create short-term downward pressure on BTC

ChainCatcher news, according to The Block, Bitfinex pointed out in its latest report that long-term holders of Bitcoin are realizing profits again, and more profit-taking by long-term holders could exert significant short-term downward pressure on Bitcoin's price.

Bitfinex analysts stated that long-term holders who had paused profit-taking since early May seem to have started selling their held assets again, and the continued high profit realization by long-term holders indicates a fragile near-term outlook for Bitcoin.