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Bitcoin (BTC), the world's leading digital asset, has entered the distribution phase. This means that market participants are now more actively involved in selling Bitcoin than accumulating it. This follows Bitcoin's recent bull run and its corresponding price correction.
Implications for the Bitcoin distribution phase
In X mail Powered by Glassnode, a leading on-chain analytics platform, the Bitcoin market is turning around as the Accumulation Trend Score (ATS) is currently at 0.21. This score is a measure used to predict the behavior of Bitcoin holders, with a score close to zero indicating a sell or sell. However, a result closer to one indicates accumulation.
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The Glassnode post notes that some Bitcoin holders are selling, regardless of how long they hold the coin. This explains the current sell-off in the broader cryptocurrency market, a shift from the trend of December 2024, when the market saw a net accumulation.
Analysts consider this a bearish sentiment as more investors seek to take profits. This may indicate a market pullback that could extend the current price decline.
As of this writing, Bitcoin is exchange It traded at $95,248.89, representing a decline of 4.68% over the past 24 hours. Trading volume recorded an increase of 46.66% to reach $69.99 billion, indicating increased activity in the market.
Differing views on the future of Bitcoin
Despite this bearish feeling, the famous author Robert Kiyosaki She sees this distribution phase as an opportunity for investors. According to Kiyosaki, the massive drop in Bitcoin prices from $102,000 to $95,000 in the region represents an opportunity for investors to buy low and HODL products.
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Kiyosaki also highlighted the low volume of Bitcoin remaining to be mined at less than two million. This underscores the need for investors to accumulate assets now that the price has seen a temporary decline.
However, one of Bitcoin's critics, Peter Schiff, holds a different view on Bitcoin's price action. A is expected Shatter Soon after buyers realized that the US government would not be purchasing the coin.
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