CryptoOnchain2023-04-19

Increase in Bitcoin sales by long-term holders of 18m - 2Y

On-chain data shows an increase in Bitcoin sales by holders of 18 months to 2 years. This issue is one of the reasons for the recent drop in prices. However, we see an increase in the outflow of Bitcoin from exchanges. This shows that Bitcoin is likely to be supported and we are witnessing a price correction in an uptrend