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Bitcoin Price Stands Strong: Long-Term Holders Cash In, But Suppression Fears Debunked by Checkmate

Bitcoin Price Stands Strong: Long-Term Holders Cash In, But Suppression Fears Debunked by Checkmate

Author:
Coindesk
Published:
2025-06-30 08:15:38
23
2

Bitcoin Price Not Being Suppressed, Selling by Long-Term Holders, Checkmate Says

Bitcoin's resilience defies expectations as long-term holders take profits—yet analysts dismiss price suppression theories.

The sell-off you didn't see coming

Veteran Bitcoin holders are finally unlocking their vaults, liquidating portions of their stacks after years of diamond-handed resolve. But don't call it capitulation—this is textbook profit-taking in a bull market.

Checkmate's reality check

Despite whispers of institutional price manipulation, on-chain sleuths confirm organic market action. No dark forces at play—just the natural ebb and flow of crypto's most battle-tested investors. (Wall Street bankers, meanwhile, still can't decide if Bitcoin's a 'risk asset' or 'digital gold'—pick a narrative, guys.)

The king of crypto keeps shrugging off sell pressure, proving once again that Bitcoin eats 'suppression' attempts for breakfast. Tick tock, next block.

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