Bitcoin $102,381.3 The decrease in the amount of bitcoin in the hands of long -term investors in the market is considered by analysts as an indication that the market is in the rise trend. Contrary to the fact that buying sales in the traditional stock market gives a potential decrease signal, this means Bulish in the crypto market.
Long -term supply and bitcoin rally
Markus Thielen, the founder of 10x Research, said in a report with Coindesk that sharp decreases in long -term investors’ procurement are often simultaneously simultaneously with strong Bitcoin Rally. Especially in the first and fourth quarters of 2024, these trends were observed.
Bit As long as it continues to reduce the balancing of long -term investors, Bitcoin is under the risk of upward short Squeeze, Mark Markus Thielen said.
Change in Market Dynamics
According to Glassnode, the total Bitcoin supply held in long -term wallets fell to approximately 13 million BTC. During the latest price rise, short -term traders purchased the distribution of long -term investors and changed more than 1 million BTC hands.
“During the last Rally, 1.1 million BTC was transferred from long -term investors to short -term investors. This represents an impressive increase in demand for the supply of prices over $ 90k, Glass Glassnode said.
Bitcoin decrease in central exchanges
The amount of BTC held in wallets of the central stock market fell from three million BTC to 2.7 million about six months ago. This is often considered a positive indicator due to the decrease in the amount of bitcoin for rapid sales.
However, Glassnode said that a large part of this decrease was caused by the redistribution of ETF wallets managed by Kustodias such as Coinbase. This means that Bitcoins are kept in ETFs with liquid or active investment tools.
The role of ETFs in the market
Glassnode said that the stock market balance set for Bitcoins moved to alternative vehicles is over three million BTCs. This shows that Bitcoins are kept in ETFs, an investment tool that can be purchased and sold as fast as real coins.
It is also observed that the sales rate of long -term investors slowed down. This slowdown can be understood from the monthly change in the long -term and short -term Holder ratio, which shows that long -term investors adopt a more controlled sales approach.
Market expectations and future
The slowdown of the Bitcoin sales rate of long -term investors may indicate that the market will follow a more stable course. These developments are thought to have positive effects on Bitcoin’s future performance.
These dynamics in the Bitcoin market can help investors better understand the market and determine their strategies accordingly. Following market trends stands out as an important step for investors.
The mobility in the Bitcoin market is closely related to the behavior of long -term investors. In this process, carefully monitoring market analysts and investors may be useful to estimate future market movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
