TechFlow reported, citing The Block on July 2, that the latest Bitfinex report indicates long-term Bitcoin holders are once again realizing profits, potentially creating significant short-term downward pressure on Bitcoin's price. According to Bitfinex analysts, long-term holders who had paused profit-taking since early May appear to have resumed selling their holdings, and the sustained high level of profit realization is making Bitcoin's near-term outlook vulnerable.
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