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Bitcoin has regained momentum after a decrease, as its price is now traded at 87,992 dollars, which reflects an increase of 6.9 % in the past 24 hours. The last price movement drew attention to the transformation of supply dynamics, especially between short -term holders (STH) and long -term holders (LTH).
This trend, which was analyzed by Cryptoquant, the shareholder xBTmanager Visions In the current market cycle of Bitcoin and what can come after that.
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According to Xbtmanager, the highest level in Bitcoin ever (ATH) has sparked an increase in STH supplies while LTH supply decreases. This transition usually indicates a transformation in the market, as their long -term holders begin to sell their origins while traders accumulate in the short term.
This dynamic has historically played a role in determining peak levels, as the increasing activity of short -term holders indicates an increase in speculative interest.
Xbtmanager explains that the analysis of those who buy and sell bitcoin is crucial in determining market trends. Since their long -term holders sell BTC, the supply is moving in the hands of short -term traders, who often interact more quickly with price fluctuations.
This shift indicates that bitcoin may be in the decline phase after the last ATH, which leads to a possible period of unification of prices. In addition, the founder buyers and the investment funds for the bitcoin collection continued to behave similar to short -term holders during this stage.
Microstrategy (MSTR), a major investor for Bitcoin, has followed retail patterns. While institutional flows supports bitcoin, Xbtmanager warns that prolonged unification period is possible due to liquidity requirements.
The analyst suggests that as soon as STH begins to sell and LTH begins to accumulate again, the market may settle, creating a more suitable environment for long jobs.
What is the following for Bitcoin?
While the transformation of the bitcoin supply indicates the cooling stage, the market participants are monitoring signs of a possible reflection of the direction. A a report One of the most prominent Cryptoquant is that the real immediate demand has decreased, and this means that despite the recent price gains, the upward bullish momentum may be difficult unless the demand was returns.
In addition, INTOTHEBLOCK recently open Increased Bitcoin's active addresses after last week's decrease. This increase indicates an increase in the activity on the chain, and is often seen in the market transmission periods. Whether this indicates the stage of renewable accumulation or the continued fluctuations to be seen.
The decrease last week led to an increase in active addresses, prompting the daily average level since December, when Bitcoin exceeded $ 100,000.
This height coincided with the activity on the chain with the increase in the bile addresses, indicating surrender. pic.twitter.com/eesdiWern
– Intotheblock (@INTOTHEBLOCK) March 4, 2025
Currently, supply trends, ETF flows, and liquidity conditions are worth evaluating the next step for Bitcoin. If the long -term term holders re -insert the market and recover from demand, Bitcoin may see a renewed momentum.
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However, until these circumstances are in line with, XBTmanager indicates that caution is necessary, especially for highly dangerous trading in the current environment.
A distinctive image created with Dall-E, the tradingView chart