Short-term Bitcoin (BTC) holder are not ready to pay out in the middle of SEC FUD: Data

Short-term Bitcoin (BTC) holder are not ready to pay out in the middle of SEC FUD: Data
periods that resemble the persistent fuda caused by the SEC put the resistance of short-term owners-a cohort that typically flees when the price of crypto-assets increases.
However, the latest data indicate that the movement of short-term Bitcoin owners reflects a strong interest in staying on the market and increasing profitability.
- A cryptoquant analyst indicated that despite the weak Bitcoin price, since it was still caught at $ 25,000 to $ 30,000, the possibility of growth in his course has not yet been exhausted. The blog post explained:
"According to the SOPR metric for short-term owners, it is a sign of a strong interest in staying on the market and increasing profitability if the number 1 of this data is preserved over successive months and the pocket value of this holder increases above this level. The price cycles 2015 and 2019 are good examples."
- When comparing the current cycle with 2019, the analyst therefore found that the profitability of the long -term and short -term owners was not high enough to trigger strong sales pressure.
- Such a trend essentially indicates that Bitcoin has the potential to grow with another wave of demand.
- A further evidence of the resilience of the short-term BTC owners is data from Glassnode that showed an increase in the Hodling activities of this group since the beginning of July after a phase of active sales had taken place in the previous month.
- Long-time Bitcoin owners were another cohort of market participants who have performed remarkable services Resistance by concentrating on keeping your supply.
Hodling remains the primary market dynamics, since steadfast Hodler remain determined in view of adversities and send the #bitcoin Get new ATHs with the last active bands.
🔴 Offer last active 1+ years: 68.4 %
🟠 Supply of the last actors 2+ years: 55.5 %
🟢 Care last active 3+ years: 40.1 %… pic.twitter.com/vr2priqjmv
-Glassnode (@Glassnode) 12. June 2023
- It was found that only a very small part broadcast its tokens on centralized stock exchanges.
.