Bitfinex Longterm Bitcoin Holders Profit Again

In a recent report, Bitfinex pointed out that long-term Bitcoin holders are once again realizing profits, and the selling pressure from more long-term holders could significantly drive down the price of Bitcoin in the short term. Analysts at Bitfinex stated that long-term holders who had paused profit-taking since early May appear to have begun selling their assets once again. The sustained high levels of profit-taking by long-term holders indicate a fragile near-term outlook for Bitcoin.