Bitcoin Short-Term Holders Makes A Notable Comeback As Supply See A Sharp Surge
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 […]
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On-chain data shows the Bitcoin supply held by the short-term holders has recently been going down at its fastest monthly rate since 2012. Bitcoin Short-Term Holder Supply Plunges As Investors HODL As explained by CryptoQuant author Axel Adler Jr in a new post on X, the 30-day change in the short-term holder supply has plunged […]
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....
On-chain data shows that Bitcoin short-term holders have been selling at a notable loss recently, something that has led to bottoms in the past. Bitcoin Short-Term Holders See SOPR Plunge Under 1.0 In its latest weekly report, the on-chain analytics firm Glassnode has discussed about how the Bitcoin short-term holders have reacted to the recent […]
Data from Glassnode shows the Bitcoin profit in supply held by short-term holders has been going down for 431 days now. Bitcoin Short-Term Holder Supply In Profit Has Been In Compression Phase Recently According to the latest weekly report from Glassnode, the STH supply in profit usually goes through three phases each cycle. The “supply […]
Although long-term coin selling saw a marked increase last week, HODLing is still the preferred strategy as more of the short-term supply is becoming long-term supply. Over the past week, long-term holders of Bitcoin increased their spending to a level that suggests de-risking from the market, but hodling remains the predominant investing strategy.Uncertain macroeconomic headwinds are likely to have precipitated the increase in the sell-offs last week by long-term holders and shaken some short-term holders out of their positions according to data from blockchain analytics firm Glassnode.....