Bitcoin’s average dormancy witnessed a spike, which indicates higher selling pressure Bitcoin’s volume and MVRV ratio continued to decline. According to a new CryptoQuant report by Wenry, Bitcoin’s average dormancy had witnessed a spike. In the past, whenever such a spike occurred, it was always accompanied by the first technical rebound. $BTC:Average Dormancy – Highest level
![Bitcoin [BTC] holders planning to go long should read this first](https://images.cryptocompare.com/news/default/ambcrypto.png "Bitcoin [BTC] holders planning to go long should read this first")
