Long-term and short-term holders of Bitcoin did not sell their bitcoins when the price rose sharply, and short-term holders sold bitcoins in large quantities, but in the end the price of bitcoin did not fall sharply, but was still in an upward trend. The bitcoins sold by short-term holders appear to be bought by long-term holders, who take advantage of short-term volatility to accumulate more bitcoins. Looking at the MVRV indicator, we see that this value is now at a critical level, and when the MVRV exceeds 2, it usually means that long-term holders may consider selling for profit.

New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
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