Data Suggests Latest Bitcoin Correction Was Driven By Short-Term Holders
On-chain data may suggest short-term Bitcoin holders could be behind the latest correction in the cryptocurrency’s price. Bitcoin Short-Term Holders Behind The Correction? As pointed out by a CryptoQuant post, on-chain data may hint that selling from short-term holders might be the drive behind the recent correction. The relevant indicator here is the Spent Output […]
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On-chain data suggests the Bitcoin Long-Term Holders are currently putting more selling pressure on the market than short-term holders. Bitcoin Long-Term Holder SOPR Has Spiked Up In Recent Days As explained by an analyst in a CryptoQuant post, Short-Term Holders and US investors haven’t sold as much lately as during the start of June. The […]
Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin has since recovered by 20% and now finds itself trading around just below $60,000, many short-term holders are still sitting in unrealized losses. A recent report from Glassnode, a leading blockchain analysis firm, sheds light on the factors contributing to this abrupt market....
Recent on-chain data suggests Bitcoin’s current woes might not yet be over as short-term holders continue to feel the heat. Bitcoin has failed to rebound significantly after a price decline in the past week, leaving many investors wondering whether to expect further declines in the coming weeks. Notably, data reveals short-term holders have been left […]
On-chain data shows Bitcoin short-term holders are increasingly selling at a loss following the latest crash in the crypto’s price. Bitcoin Short-Term Holder SOPR Dips Further Below One As pointed out by an analyst in a CryptoQuant post, on-chain data shows that the STH SOPR has decreased to July levels, suggesting that short-term holders are increasingly realizing their losses. The Spent Output Profit Ratio, or “SOPR” in short, is a Bitcoin indicator that tells us whether investors are selling at a loss or a profit during a given period. The metric’s value is....
Data shows Bitcoin short-term supply has reached an all-time low value. This may mean that investors aren’t keen to sell at this level despite the latest rally up where the coin broke $57k. Bitcoin Short-Term Supply Records All-Time Lows According to the latest Arcane Research weekly report, the BTC short-term supply is currently floating around all-time low values. The “short-term supply” here refers to the supply of coins that were moved on the chain within the last three months. When this indicator’s value moves up, it means there are a lot of short-term holders....