Short-term holders continue to capitulate

2023-7-25 15:23

Quick Take

In the world of Bitcoin, recent trends have shown that short-term holders continue to capitulate, even as Bitcoin trades briefly just below $29,000.

This trend has led to over 20,000 coins being sold at a loss, marking one of the highest levels of capitulation this year from short-term holders.

Just five days ago, CryptoSlate pointed out that short-term holders capitulated when Bitcoin fell under $30,000.

Interestingly, the same trend has emerged again, reinforcing the volatility in the Bitcoin market.

The most recent sell-off has predominantly involved buyers who purchased Bitcoin around $30,000 and slightly higher in the past few weeks, suggesting a pattern of panic selling whenever the value drops below this psychological threshold.

STH to exchanges: (Source: Glassnode)

The post Short-term holders continue to capitulate appeared first on CryptoSlate.

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short-term holders bitcoin capitulate continue coins being

Источник: cryptoslate.com

short-term holders → Результатов: 126


Bitcoin short-term holders increased holdings by over 1 million BTC in six months

Onchain Highlights DEFINITION: The total supply held by short-term holders [BTC] is the total amount of circulating supply held by short-term holders. Long-term and Short-Term Holder supply is defined with respect to the entity’s average purchasing date, with weights given by a logistic function centered at an age of 155 days and a transition width of […] The post Bitcoin short-term holders increased holdings by over 1 million BTC in six months appeared first on CryptoSlate.

2024-6-5 01:04


Bitcoin Declines Slightly As Short-Term Holders Take Profits

After surging to as high as $20. 9k, Bitcoin has today observed a slight decline back into the low $20k levels as a result of profit taking from short-term holders. Bitcoin Short-Term Holder SOPR Has Been Elevated Over The Past Two Days As pointed out by an analyst in a CryptoQuant post, the short-term holders seem to be using the latest price rise for profit taking.

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Will The Bitcoin Short-Term Holder Breakeven Point Act As Resistance Again?

On-chain data shows the Bitcoin short-term holder SOPR is approaching the “breakeven” value, a point that has acted as resistance for the crypto’s price in the past. Bitcoin Short-Term Holder SOPR Surges Up And Approaches A Value Of “1” As pointed out by an analyst in a CryptoQuant post, the selling pressure from the short-term holders may see an increase if their SOPR keeps rising up.

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Why Bitcoin-Collateralized Loans Still Work in a Bear Market

Despite talk of Bitcoin heading higher in the second half of 2018, many long and short-term holders are growing impatient – or are even being squeezed out of the market. HODL The Pain Or Reap The Gain? The result of a long, slow decline in Bitcoin price which began following the cryptocurrency’s all-time highs in December 2017, social media and community forums are awash with commentators slowly – and highly reluctantly – exiting their positions.

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