• Bitcoin sees substantial outflows totaling $106 million, marking one of its most significant single-day sell-offs since inception.
• Despite recent price peaks in March 2024, Bitcoin has maintained a tight consolidation range between $60,000 and $70,000 for the past three months.
• This period of price stabilization aims to align Bitcoin’s current cycle with historical post-halving patterns, potentially lengthening the overall bull market duration.

Bitcoin is facing significant turbulence as investors grapple with recent market developments, including a major sell-off by Fidelity Investments and a prolonged period of price consolidation.

Crypto analyst Thomas reported that Fidelity Investments sold a substantial 1,590 Bitcoins, worth approximately $106 million.

This transaction marks the second-largest Bitcoin outflow in history, revealing current investor sentiment in the market. Fidelity’s large sell-off reflects a broader trend of uncertainty and volatility in the Bitcoin market, indica…

The post Fidelity’s Bitcoin Sale Adds to Crypto Market Uncertainty appeared first on Coin Edition.

• Bitcoin sees substantial outflows totaling $106 million, marking one of its most significant single-day sell-offs since inception.
• Despite recent price peaks in March 2024, Bitcoin has maintained a tight consolidation range between $60,000 and $70,000 for the past three months.
• This period of price stabilization aims to align Bitcoin’s current cycle with historical post-halving patterns, potentially lengthening the overall bull market duration.

Bitcoin is facing significant turbulence as investors grapple with recent market developments, including a major sell-off by Fidelity Investments and a prolonged period of price consolidation.

Crypto analyst Thomas reported that Fidelity Investments sold a substantial 1,590 Bitcoins, worth approximately $106 million.

This transaction marks the second-largest Bitcoin outflow in history, revealing current investor sentiment in the market. Fidelity’s large sell-off reflects a broader trend of uncertainty and volatility in the Bitcoin market, indica…

The post Fidelity’s Bitcoin Sale Adds to Crypto Market Uncertainty appeared first on Coin Edition.