Bitcoin (BTC) Price Risks 12% Drop as Long-Term Holders Book Profits
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最新报道：Bitcoin price risks a 12% drop as long-term holders begin taking profits, according to on-chain data. Glassnode reports that Bitcoin's Spent Output Profit Ratio (SOPR) has risen above 1, indicating profit-taking among investors who held through the bear market. Analysts warn this could trigger a correction toward $36,000 if selling pressure continues. The market faces additional headwinds from potential Mt. Gox repayments and miner capitulation. However, some remain bullish, citing strong institutional demand through spot Bitcoin ETFs and the upcoming halving event in April 2024 as positive long-term catalysts.
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