5 +

View Post

Bitcoin Short-Term Holders Move Over 107K BTC

Bitcoin Short-Term Holders Move Over 107K BTC

Ethan Cole 2 weeks ago
Short-term Bitcoin investors, typically the most reactive in the market, moved 107,760 BTC in a single day, according to RugaResearch on CryptoQuant. This marks the largest on-chain movement from the 1-month to 3-month Spent Output Age Band in over seven months. This activity comes as Bitcoin looks set to end May with negative performance, continuing a trend seen in previous bear-market years where BTC has not achieved three consecutive months of positive returns. On-chain data suggests this significant movement may indicate capitulation among short-term holders amid recent disappointing price action.
United States

Bitcoin Short-Term Holders Move Over 107K BTC

Ethan Cole 2 weeks ago
Short-term Bitcoin investors, typically the most reactive in the market, moved 107,760 BTC in a single day, according to RugaResearch on CryptoQuant. This marks the largest on-chain movement from the 1-month to 3-month Spent Output Age Band in over seven months. This activity comes as Bitcoin looks set to end May with negative performance, continuing a trend seen in previous bear-market years where BTC has not achieved three consecutive months of positive returns. On-chain data suggests this significant movement may indicate capitulation among short-term holders amid recent disappointing price action.
United States
1

Comments

No comments yet.