{"id":608907,"date":"2024-05-20T15:00:11","date_gmt":"2024-05-20T15:00:11","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=608907"},"modified":"2024-06-11T07:01:45","modified_gmt":"2024-06-11T07:01:45","slug":"bitcoin-retail-investors-dumping","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/bitcoin-retail-investors-dumping\/","title":{"rendered":"Bitcoin Retail Investors Are Dumping Amid Jump To $67,000, Why This Is Good For Price"},"content":{"rendered":"
The Bitcoin price recovery above the $67,000 level<\/a> has triggered a round of selling, but it is not from the usual camp of large investors selling. This time around, it is the small-time traders who are offloading their bags and putting selling pressure on the price. However, this is not an entirely bad thing given that, historically, such selling has been bullish for the Bitcoin price<\/a>.<\/p>\n In a report on X (formerly Twitter), the on-chain data tracker Santiment revealed an interesting trend among small-time Bitcoin investors. As the price of Bitcoin rallied past $67,000<\/a> over the weekend, these small wallets took this as the time to sell and secure profit.<\/p>\nBitcoin Retail Are Dumping Their Bags<\/h2>\n