BTC declines to $37K, but here's another long-term positive sign for Bitcoin: IntoTheBlock data Crypto
The balance held by short-term traders or addresses that have held BTC for less than a month is moving practically in lockstep with the price activity, according to the on-chain analytics firm. These addresses have reduced their holdings by 8.7% in the last seven days, reaching 1.55 million BTC. Bitcoin's price has dropped 11.59% in the last seven days, according to CoinMarketCap data.
The crypto market entered a bull run in Q4, 2020, which lasted until November 2021. Bitcoin and other cryptocurrencies grew by leaps and bounds as a result of the rise.
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