Bitcoin Faces 30% Retracement Amid Rising Selling Pressure on Bitfinex: What You Need to Know
Bitcoin has recently experienced its second-largest price drop during the current bull Market, with a fall from its all-time high of $109,590 to $77,041, a 30% decline mainly driven by selling from short-term holders. According to Bitfinex, these holders, who bought Bitcoin within the last month, are facing unrealized losses and increased selling pressure. Additionally, ...
