TechFlow news — On November 27, according to Reuters, data cited in a client letter released Tuesday by Anthony Pompliano, founder of Professional Capital Management, showed that long-term Bitcoin holders have cashed out approximately $60 billion over the past 30 days.
Analysis indicates that since Bitcoin hit its post-FTX collapse low of $15,479, 21% of the supply change among long-term holders has occurred in November this year, marking the largest profit-taking event in the current cycle.
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