Cryptocurrency analytics firm Alphractal believes that Bitcoin's Long-Term Holders (LTH) may soon engage in significant selling, potentially leading to a major sell-off. The firm's analysis, based on on-chain metrics such as Reserve Risk Indicators and Fixed Terminal Destroyed Coin Days, suggests that LTH investors have historically sold during price rallies when their average purchase costs are lower than current market prices. This behavior can create resistance levels that hinder Bitcoin's upward momentum. Alphractal suggests that even if Bitcoin continues to rise, LTH investors may have little interest in holding their assets, potentially shaping market dynamics in 2025. The firm clarifies that this is not investment advice.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-12-23
Cryptocurrency Analytics Firm Examines Two Specific Onchain Metrics in Bitcoin, Issues Warning