CryptoQuant analysts predict a 12% collapse of bitcoin

Analysts warn that the price of bitcoin could drop by another 12% amid active selling of coins by long-term holders. According to a CryptoQuant study, holders who have been keeping bitcoin in their portfolios for a long time have started to record profits, which has led to increased pressure on the market.

According to on-chain analytics, there is an increase in the volume of transactions from old wallets, in particular those that have not moved assets for several years. This signal often precedes correction phases, as large players seek to realize profits at peak values.

Experts emphasize that if this trend continues, bitcoin may fall to the next technical support levels, likely by 12% of the current price. Caution is growing in the market, and some traders are already closing positions, fearing a further decline in the value of the cryptocurrency.

Nevertheless, fundamentals remain stable, and corrections in the bitcoin market are not uncommon after periods of growth. Some analysts believe that such phases can create favorable opportunities for new investments in the long term.

In general, market participants are advised to closely monitor the dynamics of large coin movements and not to rush to make investment decisions during periods of increased volatility.