With bitcoin down over 70 per cent from its November all-time highs, experts search for signs of a bottom as the staunchest of long-term holders are feeling pressured to halt their selling.
“There is an increased probability that a long-term holder capitulation is underway,” the crypto research firm’s analysts wrote in a report. “In other words, for a bear market to reach an ultimate floor, the share of coins held at a loss should transfer primarily to those who are the least sensitive to price, and with the highest conviction.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: