2023-4-21 18:30 |
Quick Take Profit Taking After the SVB collapse in March, long-term holders (Blue) took the most profit for over a year. While short-term holders (red) bought the bottom of the dip and then offloaded the Bitcoin (BTC) for profits immediately — the same happened during Luna and FTX. Profit Taking: (Source: Glassnode) Loss Taking After Bitcoin lost its $30,000 support, we have seen a rise in loss-taking from short-term holders — selling off over 40,000 BTC in the past seven days. This cohort bought the local top. At the same time, we have seen a slight capitulation from long-term holders — selling off roughly 10,000 BTC in the past seven days. Loss Taking: (Source: Glassnode)
The post Bitcoin’s 30k plunge – short-term holders sell off BTC, long-term holders unfazed appeared first on CryptoSlate.
Similar to Notcoin - Blum - Airdrops In 2024