Bitcoin Eyes Biggest Monthly Price Loss Since May – CoinDesk

According to analysts, however, much of the selling pressure came from new investors. “What we see here is that older market participants are sitting tight on their holdings, shown by the average lifespan of spent outputs declines,” Blockware Intelligence’s newsletter dated Sept. 17 said. “As a general rule of thumb, high spending from older entities is bearish, low spending from older entities is bullish.”

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