BTC holders gain at 326% profit: Long-term Bitcoin holders have realized significant profits averaging 326%, cashing out their investments at an entry price of 23,400 USD. This has added additional supply to the market but remarkably, Bitcoin is absorbing this selling pressure effectively.
ETF investments support BTC: New investors, particularly those accessing the market through Bitcoin ETFs, are crucial in maintaining Bitcoin’s price momentum. They help neutralize the impact of increased selling by long-term holders, ensuring price stability amid substantial profit-taking.