Bitcoin (BTC) Short-Term Holders Not Willing to Cash Out Amid SEC FUD: Data

Periods similar to SEC-induced persistent FUD periods are testing the resilience of short-term asset holders – a group that is usually the first to flee such as the price of crypto-asset treasuries.

However, the latest data indicates that the movement of bitcoin holders in the short term shows a strong interest in staying in the market and gaining profitability.

• CryptoQuant Analyst advertiser That despite Bitcoin’s weakness, as it continues to remain confined within a $25K-$30K range, the potential for growth in its trajectory is far from over. The blog post explained,

“According to a bearer short-term SOPR measure, when the number 1 of these data holds for consecutive months, and the pocket value of those holders moves above that level, this is evidence of a strong interest in staying in the market and gaining profitability. The price cycles of 2015 and 2019 are good examples.”

• As such, when comparing the current cycle with 2019, the analyst noted that the profitability of long and short holders was not high enough to trigger significant selling pressure.
• This trend basically indicates that Bitcoin has the potential to grow with another wave of demand.
• Further validation of the short-term resilience of bitcoin holders is data from Glassnode, which revealed a slight increase in collecting activity by this group since the beginning of July after a period of active selling the previous month.
• Bitcoin long-term holders were another group of market participants that showed an impressive performance Resilience By focusing on keeping their hideout.

HODLing remains the core market dynamic as steadfast HODLers remain resolute in the face of adversity, sending # Bitcoin Supply recent active bands to new ATHs.

🔴 Supply last activity 1+ year: 68.4%
🟠 Supply last activity 2+ years: 55.5%
🟢 Last supply activity for more than 3 years: 40.1% … pic.twitter.com/VR2pRIQjmV

– glassnode (glassnode) June 12, 2023

• It was found that only a very small part have transferred tokens to centralized exchanges.