Two Groups of bitcoin Investors sell on the rise as U.S. inflation lifts prices to nearly $65,000
CoinDesk·
60-second summary
Bitcoin prices surge toward nearly $65,000 as softer-than-expected U.S. inflation data boosts investor confidence, lifting the cryptocurrency's value. However, on-chain signals indicate two key investor groups, whales and large addresses, are selling into the bounce, potentially limiting the rally's momentum and raising concerns about the market's sustainability and future price stability.
Bitcoin surges toward $65,000 on softer-than-expected inflation data, but on-chain signals show two key investor groups selling into the bounce.