HODLers Take Profits
Nov 11, 2021
• 6
Min Read
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Key Takeaways
Bitcoin had a whirlwind of a week, reaching new all-time highs on the back of a historical CPI print, reaching $69,000.Overzealous traders created leveraged long positions margined in crypto and were wiped out in the face of Evergrande headlines.Long-term holders start to take profits as short-term holders enter to fold to provide exit liquidity. This is historically the sign of the early stages of a bull market.We analyze the forward 30-day returns for BTC, ETH, and other altcoins following each insta...Finish reading this report for free
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