Bitcoin price weakening due to decrease in hodlers' realized cap, speculators gaining confidence.

From Cointelegraph

October 6, 2024 08:02 AM:

Bitcoin hodlers’ realized cap experienced a sharp decrease, indicating a sell-off or profit-taking behavior among long-term holders. At the same time, speculators are growing more confident in the market’s direction, potentially increasing trading activity and volatility. This shift in sentiment and behavior could impact Bitcoin’s price in the short term as the market adjusts to new dynamics.

Read more at Cointelegraph: Bitcoin realized price rejections hint BTC price ‘weakening’ — Analyst