Examining Short-Term Bitcoin Holder Behavior
Examining the dynamics of short-term holders during bitcoin bull markets and bear markets.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Relevant Articles: The Daily Dive #070 - Short-Term:Long-Term Cost Basis RatioThe Daily Dive #083 - Bitcoin All Time HighThe Daily Dive #081 - HODLer Engineered Supply SqueezeIn previous Daily Dives we examined the supply dynamics of long-term and short-term holders and what....
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On-chain data shows the Bitcoin short-term holder behavior has continued to display divergence from the price in recent weeks. Bitcoin Short-Term Holder SOPR Continues To Move Mostly Sideways As pointed out by an analyst in a CryptoQuant post, while the price has gone down recently, short-term holders have instead made more profits. The relevant indicator […]
The short-term and long-term bitcoin holder cost basis ratio is trending downward, signaling a shift in market conditions.
Will Bitcoin observe a repeat of the rebound that took place after the crash back in March? Here’s what this on-chain metric suggests. Bitcoin Short-Term Holder SOPR Is Showing A Pattern Similar To March As an analyst in a CryptoQuant post explained, if the BTC short-term holder SOPR crosses above 1 in the coming days, a rebound might occur. The “Spent Output Profit Ratio” (SOPR) here refers to an indicator that tells us whether the investors are selling their Bitcoin at a profit or a loss right now. When the value of this metric is greater than 1, it means that the....
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 […]
The current short-term and long-term bitcoin holder cost bases offer some signals about the market.