Shrimp wallet increase likely: Bitcoin shrimp wallets, holding less than 1 BTC, could grow to 351,000 soon. This reflects increasing confidence among small investors despite long-term sell-offs. Recent data shows a previous rise of 21.9% as wallets grew from 265,000.
Long-term sell-off indicates caution: Over the last month, long-term holders sold 827,783 BTC, potentially signaling a market top. Despite this, analysts believe future Bitcoin price declines may be moderate given reduced selling pressure, with current prices around 101,720 USD.
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