Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending
Bitcoin's slump since March was driven by long-term holders selling, but blockchain data shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report.
![Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending](https://www.coindesk.com/resizer/CG6qAYUI8O5Lwi8sLuj4066S-EY=/800x600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/OLSFYMNWPNBUXDGF56XCVHUHLE.jpg?#)
Bitcoin's slump since March was driven by long-term holders selling, but blockchain data shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report.
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