Bitcoin correction is tied to profit-taking by long-term holders, says Bitfinex analysts
Bitcoin (BTC) has undergone a significant downturn of over 7% since the onset of April, marking a notable descent from its recent pinnacle of $70,877.82 to its current valuation of $65,619.10. This substantial shift in trajectory has captured the attention of market observers, particularly the analysts at Bitfinex, who interpret this decline as a fundamental…