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 […]
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 […]
Bitcoin has seen a rebound since retesting the short-term holder Realized Price, a sign that this historical on-chain support may be holding. Bitcoin Short-Term Holder Realized Price Just Acted As Support As explained by CryptoQuant author IT Tech in an X post, Bitcoin found support around the short-term holder Realized Price during the latest dip. The “Realized Price” here refers to an on-chain indicator that measures the cost basis of the average investor on the BTC network. Related Reading: Bitcoin HODLers Spend 97,000 BTC—Biggest Move This Year When the price of the....
The short-term and long-term bitcoin holder cost basis ratio is trending downward, signaling a shift in market conditions.
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 […]