Short-Term Holders Signal Bitcoin Rebound With Aggressive Buying
The post Short-Term Holders Signal Bitcoin Rebound With Aggressive Buying appeared on BitcoinEthereumNews.com. Bitcoin price is trading near $113,600 at press time, still down 1.3% over the past 24 hours. While many traders worry that the price may continue sliding, a group of investors is showing signs that a short-term bounce could be on the way. These buyers have been quietly increasing their holdings and even accepting losses; a pattern that previously triggered price rebounds. Their behavior could once again signal that the worst of this dip may already be behind us. Short-Term Holders Are Still Buying the Dip Over the past few days, short-term holders, wallets that acquired Bitcoin within the past 155 days, have increased their supply even as prices dropped. As of now, this group holds 2,503,798 BTC, up from 2,460,514 BTC just seven days back. That’s an accumulation of more than 43,000 BTC during a sharp price correction from $123,000 to $112,000. Interestingly, the short-term holder supply is now at a 3-month high. Bitcoin price and short-term holder supply: Glassnode This trend mirrors a similar pattern seen in early June. At that time, when the Bitcoin price fell from $105,900 to $104,700, short-term holders raised their supply from 2,275,000 BTC to nearly 2,287,000 BTC. After that accumulation, the Bitcoin price climbed all the way to $110,000. This repeat behavior, where new holders increase their exposure during a price dip, is often seen as a show of confidence in a short-term bounce. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Selling at a Loss, But Still Buying At the same time, short-term holders have shown a willingness to take losses for buying new BTC dips, something they rarely do unless they expect a rebound. The Short-Term Holder Spent Output Profit Ratio (SOPR) dropped to its lowest point…
The post Short-Term Holders Signal Bitcoin Rebound With Aggressive Buying appeared on BitcoinEthereumNews.com.
Bitcoin price is trading near $113,600 at press time, still down 1.3% over the past 24 hours. While many traders worry that the price may continue sliding, a group of investors is showing signs that a short-term bounce could be on the way. These buyers have been quietly increasing their holdings and even accepting losses; a pattern that previously triggered price rebounds. Their behavior could once again signal that the worst of this dip may already be behind us. Short-Term Holders Are Still Buying the Dip Over the past few days, short-term holders, wallets that acquired Bitcoin within the past 155 days, have increased their supply even as prices dropped. As of now, this group holds 2,503,798 BTC, up from 2,460,514 BTC just seven days back. That’s an accumulation of more than 43,000 BTC during a sharp price correction from $123,000 to $112,000. Interestingly, the short-term holder supply is now at a 3-month high. Bitcoin price and short-term holder supply: Glassnode This trend mirrors a similar pattern seen in early June. At that time, when the Bitcoin price fell from $105,900 to $104,700, short-term holders raised their supply from 2,275,000 BTC to nearly 2,287,000 BTC. After that accumulation, the Bitcoin price climbed all the way to $110,000. This repeat behavior, where new holders increase their exposure during a price dip, is often seen as a show of confidence in a short-term bounce. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Selling at a Loss, But Still Buying At the same time, short-term holders have shown a willingness to take losses for buying new BTC dips, something they rarely do unless they expect a rebound. The Short-Term Holder Spent Output Profit Ratio (SOPR) dropped to its lowest point…
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