63K Bitcoin Exits Long-Term Wallets: A Surge of Speculative Short-Term Buying
Bitcoin is struggling to reclaim momentum as it trades below the critical $90,000 level, with selling pressure dominating the market and fear spreading rapidly. Many analysts are leaning toward calling the start of a new bear market, arguing that Bitcoin likely topped in early October near $126,000. Momentum has weakened sharply since then, and investor behavior now reflects a shift toward risk-off positioning. Related Reading: Anti-CZ Whale Loses Big: $61M in Profit Wiped Out As Ethereum and XRP Longs Collapse A new report from CryptoOnchain, published via CryptoQuant, highlights one of....
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Bitcoin has regained momentum following a period of decline, with its price now trading at $87,992, reflecting a 6.9% increase in the past 24 hours. The recent price movement has drawn attention to shifting supply dynamics, particularly between short-term holders (STH) and long-term holders (LTH). This trend, analyzed by CryptoQuant contributor XBTManager, provides insights into Bitcoin’s current market cycle and what could come next. Related Reading: Crypto Markets Are Misreading Trump’s Strategic Reserve, Says Bitwise CIO Short-Term vs. Long-Term Holders: A Market Balancing Act According....
Sentiment is starting to turn bullish once again toward Bitcoin, the largest crypto asset, as investors have gone on a buying spree following its renewed upward move to $88,000. Despite the recent volatility that hindered BTC’s bullish performance, short-term holders have shown a notable accumulation trend. Rapid Rise In Bitcoin Short-Term Holders Supply Several key […]
Ethereum‘s performance in the ongoing bull cycle is being considered sluggish compared to other past bull market cycles, where the second largest crypto asset witnessed significant growth within the timeframe. Nonetheless, ETH appears to be regaining upward momentum, showing the potential for a short-term rebound. An Impending Short-Term Surge For Ethereum Rebound hopes for Ethereum […]
Short term Bitcoin holders (STHs) have been aggressively adding the OG cryptocurrency to their portfolios since September 2024, adding over 1.5M BTC. This takes the total tally of Bitcoin with STHs to 4M. In case you didn’t know, short-term holders are those market participants who hold the token for less than 155 days. Can Short-Term Holders Buy More $BTC? Interestingly, all of the previous Bitcoin rallies have come when short-term holders have exhausted their buying momentum. For instance, in the 2013 cycle, STHs held almost 5M BTC, while in the 2017 cycle, they had 6.2M coins.....
Industry executives predict that the next Bitcoin bull run is likely to happen in 2024 or early 2025, tied to Bitcoin’s fourth halving. As the total cryptocurrency market capitalization dipped below $2 trillion last week, major crypto executives have been increasingly talking about a potential continuous bear market or a “crypto winter.”Contrary to the expectations of many in the crypto market, Bitcoin (BTC) failed to surge above $68,000 in 2021 and continued dropping below $40,000 in early 2022, causing significant losses for big crypto investors such as MicroStrategy.However, a possible....