Bitcoin Short-Term Holder Demand Weakens While Long-Term Accumulation Strengthens
Wednesday, 11 September 2024, 09:58
Bitcoin Short-Term Holder Demand Weakens
According to analysis by CryptoQuant, the number of bitcoins held by short-term holders has been declining since late May. This trend indicates a weakening in demand among short-term investors, as many are opting for long-term accumulation strategies.
Long-Term Accumulation Continues
Simultaneously, long-term holders are continuing to accumulate bitcoins. This behavior reflects a broader confidence in Bitcoin's potential, despite fluctuations in market price.
- Short-term holder exit signals market shifts
- Long-term holders increase bitcoin positions
- Market dynamics favoring accumulation
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.