BTC enters redistribution phase...long term holders to new investors
![BTC enters redistribution phase...long term holders to new investors](/content/images/size/w1200/2024/01/bloomberg.png)
"Bitcoin appears to be entering a redistribution phase," Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, told X. "The beginning of a redistribution phase does not mean the end of a bull market. "The start of redistribution does not mean the end of the bull market. It marks a turning point in the cycle where long-term holders begin to distribute their coins to newcomers."
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