Short-term bitcoin holders may be selling, but onchain metrics show that long-term holders have been happy to buy it back.
"Current metrics depict short-term holders offloading their assets, with long-term holders capitalizing on the opportunity to buy in again," Bitfinex analysts said in aThe digital asset's price trajectory since the beginning of the week has reflected this pattern. Short-term holders bought in on Monday and quickly sold holdings to capitalize on the gains after the asset spiked around 3% on the same day.
that showed"the short-term holder cohort is currently at a deficit, leading them to relinquish the very coins they earlier bought from the long-term cohort." "Onchain outflow data shows bitcoin is tracing a strategic path chosen by certain investors to move their BTC away from exchange platforms, and recent observations following the price surge reveal that over 10,000 bitcoins have been transferred from exchanges to cold wallets," Mourad told The Block.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
House Republicans strike deal on short-term funding ahead of deadlineThe short-term funding bill, known as a continuing resolution, would keep the government running until Oct. 31, but is likely to face opposition in the Senate.
Weiterlesen »
Young Rams flash promise but come up short against 49ersThe Rams came out strong, even jumping out to a touchdown lead with 1:45 to go in the first half but the Niners responded.
Weiterlesen »
Sadie Engelhardt's new personal best falls short of victory at Woodbridge ClassicVentura High's Sadie Engelhardt broke her own record in the Woodbridge Cross-Country Classic, but it was only good for third place in a stellar field.
Weiterlesen »
House Republicans release short-term bill to avert government shutdown until Oct. 31The legislation, brokered between GOP factions, would include spending cuts and a conservative border measure, making it unlikely to pass the Democratic-led Senate.
Weiterlesen »
PHOTOS: Denver Broncos fall short to Washington Commanders 35-33 in NFL Week 2The Denver Broncos host the Washington Commanders at Empower Field at Mile High in Denver, Colorado on Sunday, September 17, 2023, during week 2 of the NFL season. Blowing an 18-point lead, Denver …
Weiterlesen »
House GOP groups propose agreement on short-term government funding billHouse Republicans from both sides of the conference came to a deal on a short-term government funding bill this weekend.
Weiterlesen »