The short-term holdings of Bitcoin have reached their lowest level since mid-November, suggesting a decrease in interest from speculative traders and fewer new market entrants. This indicates a consolidation period as investors await clearer market indications. The decrease in short-term Bitcoin holdings aligns with a slump in overall speculative trading activity. Meanwhile, medium-term and long-term holders are maintaining their positions, showing confidence in the long-term market prospects. This transition from speculative peaks to a slow setting may position Bitcoin for upcoming market developments.



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