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Bitcoin Officially Crosses $100,000 👀
…but HODLers have already locked in profits of $1.76 billion in the first three days of December.
According to Glassnode, long-term investors sold over 18,281 BTC, as their portfolios currently show a 350% profit. This surge in sales has increased the Bitcoin supply on the market.
HODLers’ sales may add downward pressure on Bitcoin’s price. If institutional demand does not keep pace, this could lead to a short-term price correction.
💬 What are your expectations for BTC in December? Up or down?
#BTC breaks $100K ATH, setting a new record!