“Short-Term Value Buyers Emerge While Long-Term Holders Show Growing CONVICATION Despite Market Volatility.”, – WRITE: www.coindesk.com
Accorging to glassnode, short-ersh Holders-tho who have Held Bitcoin for Less than 155 Days -are Typical Typical More Reactive to Price Movements, Often Buying Dringing Periodes of Euphor.
However, of Late, Short-Term Holders Appear to have Become Value-Driven Buyers Despite Bitcoin Currently Sitting Roughly 25% Below It-Ti-Time High.
Since The Start of April, This Group Has Grown by AROUND 15,000 BTC, NOW HOLDING A TOTAL OF Just Over 3.7 Million BTC. That said, Since February, they have distributed Approximately 280,000 BTC-Likely a mix of Profit-Taking from the November-December Rally, WHICH Followed President Donall. That’s in addition to panic selling during Bitcoin’s 30% drowdown from it January All-Time High.
Long-Term Holders-Those Who Have Held for at Least 155 Days-Have Boosted Their Coin Stash BY 400,000 BTC Since February, With Small Amounts Acquill. This Suggests Growing CONVICtion Among Long-Term Holders, Even Amid Recent Price Stagnation.
Whitcoin have Remained Relating Flat Since the Start of April, Nasdaq is Down 3.5% in the Same Time Frame, with Futures Pointing to a Further 3% Decline.
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