FundingVest
Sellers have become active.
Bitcoin experienced a rise last week, breaking out of its recent range and going through a period of high volatility. During these events, some previously stagnant networks began to show signs of activity once again. Short-term holders transferred 33,155 bitcoins as shown by the 1w-1m spent output age bands. This could present immediate selling pressure. The slowdown in price suggests that Bitcoin might initiate a free pullback. If these age band movements increase, extra caution is advised as it could become more intense at times. Make sure to keep an eye on this.