Short-term holders started accumulating substantial amounts of BTC holdings. How will BTC be affected in the long run?
witnessed a massive bump in price over the last few days, causing a surge in optimism amongst traders. But it wasn’t just traders that were showing optimism around BTC.In the last few days, the Short Term Holders supply saw a net increase of over 20,000 Bitcoin.
This increased demand from STHs creates a positive feedback loop. As more people buy in, the price goes up, attracting even more buyers. This can accelerate price increases. So, while STH accumulation is a positive sign for Bitcoin’s short-term momentum, it could affect BTC’s long term growth.Another indicator of the rising number of Short Term Holders would be the declining Long/Short ratio. A falling long/short ratio suggested that the number of long-term holders accumulating BTC were declining.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Decoding PEPE’s fall: Key factors behind the price declineCrypto Twitter’s memecoin of the year has decreased by over 6% in the past day. Whzt are the factors behind the fall of PEPE today?
Read more »
Decoding Shiba Inu’s descending triangle – Is an 18% price drop coming next?An assessment of Shiba Inu's [SHIB] price movements on the 3-day chart has revealed the formation of a descending triangle...
Read more »
Bitcoin halving price prediction – Identifying BTC’s potential price levelsBitcoin [BTC] finds itself at a crucial juncture now with only a few hours left for the much-anticipated 4th halving. However, according to..
Read more »
Decoding Bitcoin’s 20% hashrate decline: Why are miners struggling?The decline in Bitcoin’s [BTC] hashrate post-halving hints at a potential miner capitulation, pseudonymous CryptoQuant analyst...
Read more »
XRP: Decoding what’s next – Do bulls still stand a chance?What's next for XRP as the altcoin continues to spiral further downwards? AMBCrypto takes a look at what bulls are up to currently.
Read more »
What Bitcoin ETFs and their record volumes tell us about HODLersETF trading volumes saw a significant surge as the price of BTC rose on the charts. Will BTC 's price be affected positively?
Read more »