Bitcoin’s March madness: Short-term holders bear the brunt of volatility

exchange68September 11, 2024

0 0 2 minutes read

March’s Bitcoin ride was nothing short of a market maelstrom, peaking at over $73,000 before plunging into the depths at $60,700. This volatility spotlighted a specific group: short-term holders, those whose tenure with Bitcoin doesn’t surpass 155 days. Their reaction to the market’s ups and downs was dramatic, offloading over 57,000 Bitcoins in a frenzy that led to a significant financial hemorrhage. What could this shift mean for Bitcoin’s future, and what does it reveal about the evolving strategies of these pivotal market participants?

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