The Long-Awaited Pullback Triggers a Massive Sell-Off Trend in the Bitcoin Market
After BTC failed to break the $19,400 resistance, the Bitcoin price drops over 14% in today’s trading. According to the data monitor, there was a major amount of BTC been moved to exchanges before today’s sharp correction. It seems some whales or miners try to take a part of profits when Bitcoin close to the $20,000 all-time highs. And it might cause more investors to sell-off their assets to avoid losing more unrealized profits. Therefore, we expect the correction wasn’t done yet.
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