Bitcoin: Short-term holders unmoved by market mayhem

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 68%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Short-term holders show signs of hodling despite ongoing market turmoil, underlining their faith in the long-term growth potential of Bitcoin.

Short-term holders are the participants who keep possession of coins for less than 155 days, as per Glassnode. During the low volatility phase throughout May, STHs were actively selling their tokens, as evidenced by the sharp drop in supply held between 3 – 6 months.

However, the beginning of June saw a slight uptick in hodling activity for this age band, lending credence to the deductions made earlier.The faith shown by short-term holders reflected the market’s positive trend. However, most investors in this cohort have been selling at a loss on average. According to CryptoQuant, the Short Term Holder SOPR has been less than 1 since the FUD that was sparked at the beginning of the week.At the time this article was written, Bitcoin was trading hands for $26,551.61, having dropped by 3% on a week-to-date basis, as perAre your BTC holdings flashing green? Check theHowever, a macroeconomic trigger or other unforeseen events could invalidate this narrative. The Federal Reserve’s upcoming meeting could be one of those.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 22. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Bitcoin holds as market reacts to SEC dramaBitcoin remains steady as the drama unfolds in major exchanges. Long-term holders sell but realized losses stay minimal, displaying resilience in a volatile market.
Fonte: CryptoAmb - 🏆 22. / 68 Consulte Mais informação »