Bitcoin’ Alert: Entered the “Risky Zone” with a Character Change!

A realization that more than 50% of Bitcoin’s supply is in the hands of short-term investors putting the possibility of a decrease on the table. According to an article shared by an author at on-chain data platform CryptoQuant, short-term investors have accumulated large amounts of Bitcoin in recent months. Based on “Realized Cap Hold Waves” data in Bitcoin, the article indicates that at present, half of the current Bitcoin supply is held by short-term investors who tend to hold onto Bitcoin longer. Moreover, based on realized value, Bitcoin is entering a risky zone similar to the 2019 price cycle region. The main reason cited for this is the increased value in the hands of short-term investors. As short-term investors generally tend to take profit during rises or tend to exit the market, price corrections may occur. According to CoinGecko data, the price of Bitcoin is currently trading at $71,023.

Bitcoin’ Alert: Entered the “Risky Zone” with a Character Change!

A realization that more than 50% of Bitcoin’s supply is in the hands of short-term investors putting the possibility of a decrease on the table.

According to an article shared by an author at on-chain data platform CryptoQuant, short-term investors have accumulated large amounts of Bitcoin in recent months.

Based on “Realized Cap Hold Waves” data in Bitcoin, the article indicates that at present, half of the current Bitcoin supply is held by short-term investors who tend to hold onto Bitcoin longer.

Moreover, based on realized value, Bitcoin is entering a risky zone similar to the 2019 price cycle region. The main reason cited for this is the increased value in the hands of short-term investors.

As short-term investors generally tend to take profit during rises or tend to exit the market, price corrections may occur.

According to CoinGecko data, the price of Bitcoin is currently trading at $71,023.

Related Posts

0 Comment

Write a Comment

You have not selected any currencies to display
Random

This website uses cookies to improve your experience. By continuing to use Bitcoinvesti.com, you agree to our use of cookies. For more information on how we use cookies and how you can manage them, please visit our Privacy Policy.