Bitcoin’s Market Sentiment Takes A Turn As Long-Term Holders End Distribution...
The broader crypto market continues to experience heightened volatility, causing a robust sharp drop in Bitcoin’s price below the $85,000 mark after witnessing a slight upward push in the previous week. With BTC’s price undergoing strong bearish pressure, investors’ sentiment has taken a drastic turn, which might influence the flagship asset’s next trajectory in the […]
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Seasoned Bitcoin Holders Are In Distribution Mode Bitcoin’s price action is shifting, and so is the sentiment of investors, especially the long-term BTC holders. The development carries weight in the market because these holders are often considered the most patient and conviction-driven players in the crypto sector. Related Reading: A Major Bitcoin Pivot? Realized […]
Bitcoin has retraced to the $85,000 level, a critical support zone that bulls must defend to prevent a deeper breakdown. After failing to reclaim higher levels, price action has slowed and volatility has compressed, reinforcing a market environment dominated by apathy and fear. Related Reading: Why Bitcoin’s Quiet Price Action May Be ‘Dangerous’ – IFP Signals Rising Structural Risk Sentiment across the crypto space has deteriorated sharply, with a growing number of analysts openly discussing the possibility of a prolonged bear market extending into next year. In this context, understanding....
Data released by Glassnode suggests Bitcoin long-term holder behavior has shifted from accumulation to distribution recently. Bitcoin Long-Term Holders Have Shed 222k Coins Off Their Stack Since May As per a new report from Glassnode, the BTC long-term holders have been spending up to 47k BTC per month in recent days. The “long-term holders” (or LTH in short) refer to the cohort of Bitcoin investors that have been holding onto their coins since at least 155 days ago, without selling or moving them. The “LTH net position change” is an indicator that measures the net....
Bitcoin is moving toward the target of the long-term correction within the upward trend. The ending of that rebound could provoke a continuation of the long-term trend and a turn to decline. When will the current rebound end? Bitcoin’s price is fulfilling its minimal correction targets at around $440. As there was no turn to decline on a long-term scope, the downward movement is limited. One confirmation of that is the stop around $440. A change of cycles usually happens at points like that. Now the market has to decide whether to continue its long-term trend or form a turn to decline. The....
On-chain analytics firm Glassnode has revealed in a report that Bitcoin long-term holder have slowed down distribution after months of selling. Bitcoin Long-Term Holder Net Position Change Is Now Neutral In its latest weekly report, Glassnode has talked about how the behavior of the Bitcoin long-term holders has changed recently. The “long-term holders” (LTHs) refer to […]