Coin Edition -
- Bitcoin sees substantial outflows totaling $106 million, marking one of its most significant single-day sell-offs since inception.
- Despite recent price peaks in March 2024, Bitcoin has maintained a tight consolidation range between $60,000 and $70,000 for the past three months.
- This period of price stabilization aims to align Bitcoin’s current cycle with historical post-halving patterns, potentially lengthening the overall bull market duration.
Bitcoin is facing significant turbulence as investors grapple with recent market developments, including a major sell-off by Fidelity Investments and a prolonged period of price consolidation.
Crypto analyst Thomas reported that Fidelity Investments sold a substantial 1,590 Bitcoins, worth approximately $106 million.