Bitcoin Correction Triggers Loss Selling Among Short-Term Holders

The post Bitcoin Correction Triggers Loss Selling Among Short-Term Holders appeared first on Coinpedia Fintech News

Bitcoin fell more than 10% from its May 8 peak of $82,000 and is now trading near $73,500, prompting increased selling by short-term holders. Investors who have held BTC for less than six months accounted for most of the recent loss-taking activity. Over the past 24 hours, Bitcoin sent to exchanges recorded a net loss …