Crypto analytics firm CryptoQuant has found that short-term holders of Bitcoin, who have held their positions for 155 days or less, have been reducing their positions since late May. In contrast, long-term holders are accumulating more Bitcoin. This sell-off by short-term holders could lead to medium-term price appreciation and market stabilization. The trend comes as investor sentiment in the crypto market has dipped into "extreme fear" after a significant drop in Bitcoin's price. However, some analysts remain bullish on Bitcoin, suggesting a potential massive price rise based on a chart pattern.



Other News from Today