Bitcoin's price holding above $70,000 triggers scrutiny from Adam Back, closely linked to Satoshi Nakamoto
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Back suggested that the current price suppression could be down to certain sellers who urgently need cash and are offloading their holdings. He said that these sellers, who might not be willing or able to wait for higher prices, have a limited amount of to sell. Once they have sold all their holdings, the market might start to move up again, says the developer.
someone is selling, who doesn't want to hodl for a higher price - eg need money now for some reason - just got to wait until they run out ofThese comments match what a lot of people in the cryptocurrency community are feeling. Many think that things like institutional investors and trading platforms like ETFs and Coinbase might be influencing the market.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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