Excess Supply of Bitcoin Could Keep Pushing BTC Down, Experts Say
The cryptocurrency market may have to brace for potential turbulence in the coming months as several major Bitcoin (BTC) holders—including defunct exchanges and government entities—could liquidate substantial portions of their holdings. This raises concerns about continued downward pressure on the world's leading digital asset and its market liquidity. According to a new report by crypto data provider Kaiko, the crypto market is currently grappling with a significant supply overhang. It's been...