XCN Price Is Up 116% But Young Holders’ Rising Profits Present A Threat
Onyxcoin’s price surges 116% since the start of the year, but rising profits among short-term holders threaten the sustainability of the rally.
Onyxcoin’s price surges 116% since the start of the year, but rising profits among short-term holders threaten the sustainability of the rally.
Bitcoin’s price drop to $85,800 has resulted in losses for new investors, while on-chain data reveals short-term holders buying the dips, suggesting a bullish sentiment.
Short-term Bitcoin holders are realizing profits; will this lead to market recovery or increased volatility?