The price of Bitcoin recently hit a monthly low of $56,567.10, showing a drop of over 6.2% in the last 24 hours. This decline has caused concern among investors.
Interestingly, while short-term investors are exiting the market, long-term Bitcoin holders are not selling. This highlights a potential divergence in investment strategies within the Bitcoin community.
These long-term investors seem committed, possibly believing in a future price rebound or viewing the cryptocurrency as a long-term asset rather than a quick profit-making tool.
This behavior underscores the differing perspectives on Bitcoin's value and future potential, leading to a stable hold by long-term investors amidst the recent market fluctuations.
