Bitcoin Plunges Below $27,000, Which Holder Groups Are Selling?
Sponsored
Sponsored
Bitcoin has plunged below the $27,000 mark during the past day. Here are the market segments that are possibly participating in this selloff. These Bitcoin Investors Have Been Spending Their Coins Recently In a new tweet, the on-chain analytics firm Glassnode has broken down the prices at which the average coins sold today were bought. Generally, the BTC market is divided into two main segments: the long-term holders (LTHs) and the short-term holders (STHs). The STHs comprise a cohort including all investors who acquired their Bitcoin within the last 155 days. The LTHs, on the other hand, are investors who
On-chain data shows the Bitcoin short-term holders have just made large deposits to exchanges, a potential sign profit-taking is underway. Bitcoin Short-Term Holder Exchange Inflows Have Shot Up In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the deposits being made by…
On-chain data shows that Bitcoin short-term holders have deposited $2 billion in BTC to exchanges, the fourth largest amount in the last two years. Bitcoin Short-Term Holder Exchange Inflows Have Spiked Up As analyst James V. Straten explained in a new post on X, the BTC short-term holders have potentially…
On-chain data shows Bitcoin could currently be following a similar pattern as in a previous cycle in terms of this indicator. Bitcoin Could Now Be Entering Phase 2 Of The Bull Run In a CryptoQuant Quicktake post, an analyst has pointed out how the recent trend in the Bitcoin long-term…