Bitcoin's recent plunge below $25,000 has the crypto market on high alert, with a significant concentration of short-term holders precariously keeping the market top-heavy. But, this isn't the whole story. What if there's a silver lining to this seemingly bleak scenario...
What is a top-heavy market, and are we in one? What is a top-heavy market, and are we in one?
Bitcoin price is still vulnerable under the weight of the growing supply held at an unrealized loss.
2 min read
Updated: Aug. 23, 2023 at 9:59 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.