According to macro analyst Jordi Visser, dormant bitcoin is moving again and new buyers are stepping in. Visser spoke on Anthony Pompliano’s podcast and wrote about the trend on Substack, saying old holders are slowly selling while fresh investors pick up coins on dips. He compared what’s happening to an IPO (initial public offering), where early backers cash out and ownership spreads to a wider group. Related Reading: Dogecoin Enters The Big Leagues — Stadium And Jerseys Get A Crypto Makeover Price Action Has Been Flat And Frustrating Bitcoin traded between $109,000+ and $110,500+ over the last seven days, a range that has left traders impatient
source: https://www.newsbtc.com/bitcoin-news/bitcoin-acting-like-an-ico-what-this-could-mean/