Who Is Currently Dictating the Bitcoin Market? Van Straten

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Since September, MicroStrategy and U.S.-listed spot ETFs have accumulated approximately 200,000 bitcoin each.

Since September, long-term holders have sold off over 843,000 BTC. While, in the same time frame short-term holders have accumulated over 1 million BTC.

Since Donald Trump won the U.S. election on Nov. 5, bitcoin has soared from $67,000 to around $100,000. This has coincided with a huge rise in bitcoin's total trade volume which has now surpassed $100 billion.data, bitcoin futures trading volume hit an all-time high of around $120 billion on Nov. 17, almost doubling since the U.S. election. However, since then futures trade volume has plateaued and steadied around $100 billion.

To show the difference of trading volumes between long and short-term holders, we compare them to other big players in the industry, such as the self-described bitcoin development company. MicroStrategy holds 423,650 bitcoin or just over 2% of the total supply. In addition, U.S. ETFs now hold over 1 million bitcoin.

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