Posted 12/30/2023, 1:18:16 PM
Bitcoin Price Holds Above $41K Despite Selling Pressure and Lost Coins
- Bitcoin price remains above $41,500 despite increasing supply on exchanges over the past 3 days
- Over 30% of Bitcoin's total supply is estimated to be lost or dormant for over 5 years
- Bitcoin holders have been taking profits since October 2022, causing spikes in sell pressure
- In the past month, Bitcoin has yielded nearly 11% gains for holders
- Anticipation of a Bitcoin Spot ETF has supported prices above $41,500