The price of Bitcoin jumped over $ 90,000 after US President Donald Trump announced a strategic encryption reserve forces. However, the main cryptocurrency has rarely maintained this momentum and fell below $ 90,000 before the week.
Recent market uncertainty is reflected in Bitcoin behavior. Most of the prices were moved to the side of the initial pump within $ 82,000 -$ 92,000. The problem is now -who is behind the constant price recovery and integration?
Short -term sales are long -term trust: we meet analysts
In the Quicktake post on the Cryptoquant platform, the analysts of the pseudonym Shayanbtc used chain data to discuss the release of investor behavior while evaluating the current market sentiment. The relevant hotint indicators here are the output age (SOAB) metrics consumed, classifying coins consumed by age into categories and the ratio of total coins moves.
Shayanbtc used the output age used to analyze the investor bag between one week and six -month cohort (short -term holder). According to Cryptoquant’s data, short -term investors’ sales activities have recently led the Bitcoin downturn.
The investors, known for their rapid response to market fluctuations, are actively depositing BTC to the exchange and are related to sales pressure. Considering the sensitive characteristics of short -term holders, their sales behavior is consistent with the struggle to maintain Bitcoin’s recent strength.
Source: CryptoQuant
Meanwhile, long -term investors (those with BTCs for more than six months) did not show signs of surrender. The Bitcoin holder group can benefit some of the groups, but it seems to be somewhat gradual and consistent with the behavior you see in the healthy bull market rather than liquidation.
The activities of long -term bitcoin investors suggest that BTC supply can be reduced in the public market by looking forward to the future price recognition before offsetting more of the stake. Shayanbtc added, “If sufficient demand enters the market, this supply contract can further cause price recognition.”
Interestingly, according to the latest on -chain data, Bitcoin’s long -term investors are not the only market participants who do not offset their assets. Crypto Pundit Ali Martinez said in X’s post that BTC miners have recorded sales activities since February 28.
Bitcoin price at a glance
At the time of this article, premiere cryptocurrency is about $ 86,200, reflecting a 0.5%drop in price over the last 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingViewIstock’s main image, TradingView chart
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