Short-term holders rush to sell Bitcoin amid market pump

exchange681 week ago

0 0 2 minutes read

Bitcoin’s recent surge to $35,000 is just the beginning of this intriguing story. We delve into the fascinating trend of short-term holders cashing in on their profits, transferring a significant 28,000 Bitcoin to exchanges. But what does this suggest about the overall market dynamics? As the supply held by short-term holders dwindles, their influence wanes in comparison to long-term holders… a shift that could have far-reaching implications. And here’s where it gets truly captivating – with approximately 11.5 million Bitcoin now held by long-term holders, the parallels to a fateful event in May 2022 become impossible to ignore…

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