July 3 (Cointime) - According to a new report, investors holding 1-100 Bitcoin (BTC) have increased their coin distribution in the past few days due to the overall negative sentiment. An increase in Spent Outputs of these BTC holders usually indicates a potential increase in selling activity by these investors. However, recent data shows that investors holding 1-100 BTC in their wallets may be selling their assets, but buying activity continues to dominate.
Meanwhile, Bitcoin's exchange reserves are decreasing, indicating a slowdown in selling pressure. While a certain group of BTC holders may be selling, buying activity continues uninterrupted among others, as confirmed by looking at BTC's price chart.
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