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Bitcoin’s Market Sentiment Takes A Turn As Long-Term Holders End Distribution Phase

Bitcoinist LogoBitcoinist12h ago

Bitcoin’s Market Sentiment Takes A Turn As Long-Term Holders End Distribution Phase - Bitcoinist

Quick Summary:

The broader crypto market continues to experience heightened volatility, causing a robust sharp drop in Bitcoin’s price below the $85,000 mark after witnessing a slight upward push in the previous week.

With the heightened distribution phase coming to an end, the metric has almost returned to neutral levels, suggesting that large-scale selling pressure has stopped.

Should this trend continue, the possibility of BTC witnessing a rebound increases as long-term holders return to the accumulation phase.

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Bitcoin’s Market Sentiment Takes A Turn As Long-Term Holders End Distribution Phase - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 05:30:30 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26809210

View Article Analysis

About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 7 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Bitcoin’s Market Sentiment Takes A Turn As Long-Term Holders End Distribution Phase" has 442 words across 38 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Bitcoin’s Market Sentiment Takes A Turn As Long-Term Holders End Distribution Phase" was covered 12 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 7 news stories per day.

It's most recent story was published 8 hours ago.

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The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

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  • News ID: #26809210
  • URL: https://chronographically.beamstart.com/news/bitcoins-market-sentiment-takes-a-17415868525924

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