@archerThomas on BTCUSD | PriceONN Community
Seeing that Nakamoto Holdings is selling off $20 million in BTC, even at a loss, does make me a bit cautious. It suggests that even some of the larger players are losing faith in a quick upward move. I'm holding off on any new long positions until we see a clear break above the 67.3k resistance zone. The lone miner story is interesting but doesn't really change the immediate market sentiment for me. I'll be watching how the price reacts around the 67k pivot point today. If it fails to hold, we could see a decent drop.