As Bitcoin long-term holders reduce their holdings, short-term holders accumulate coins, reflecting a shift in market sentiment. This could mean that Bitcoin's price may have hit its lowest point.
aged between 18 months and two years typically occurs as the price stabilizes before surging to reach a market bottom.
As the market cycle advances and Bitcoin’s valuation increases, these older holders begin to sell their coins, decreasing their overall holdings.UTXO age band of 18 months to 2 years. Conversely, the holdings of short-term Bitcoin holders, which are less than six months old, tend to increase after prices reach their lowest point and continue to rise alongside prices, which is the current state of affairs.
Based on Bitcoin holdings and other relevant metrics, on-chain data suggests that the price has reached its lowest point.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Crypto SWOT: Bitcoin may be eyeing $50,000 next yearCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Lire la suite »
BTC traders could be in soup as Bitcoin oscillates between red and greenAs of 1 May, BTC's hashrate reached a new all-time high of 473.87 EH/s. The spike in hashrate could be attributed to the rising Bitcoin ordinal inscriptions. However, despite this, BTC traded in the red at the time of writing.
Lire la suite »
![Assessing Bitcoin’s [BTC] state as Ordinals hit a new record](https://i.headtopics.com/images/2023/5/3/cryptoamb/assessing-bitcoin-s-btc-state-as-ordinals-hit-a-ne-assessing-bitcoin-s-btc-state-as-ordinals-hit-a-ne-1653694134920568839.webp?w=640)
Assessing Bitcoin’s [BTC] state as Ordinals hit a new recordOrdinals hit a new all-time high in terms of both daily inscriptions and fees paid. During the episode, BTC’s hashrate also increased, as did miners’ revenue
Lire la suite »
Bitcoin May 3 daily chart alert - Range-trading recently
Lire la suite »
Tiny Bhutan may already be a massive Bitcoin whale(Kitco News) - Bhutan, the tiny Himalayan nation sandwiched between Asian supergiants India and China, may already be a major player in crypto holdings and Bitcoin mining, according to multiple recent reports.
Lire la suite »
ChatGPT 'jailbreak' predicts 85% chance Bitcoin will survive past 2035A ChatGPT “jailbreak” created by Conor Grogan predicts that Bitcoin has an 85% chance of surviving past 2035, but is less optimistic about altcoins.
Lire la suite »