Bitcoin Short-Term Holders Go On 1.2 Million BTC Buying Spree, Is Retail Finally Here?

Bitcoin Faces Short-Term Correction Risks as Analysts Warn of Further Drawdown

Bitcoin faces short-term correction risks as sell pressure from short-term holders and a holiday-induced illiquid market persist. Analysts, including Bitfinex's Jag Kooner, highlight the potential for a pullback above $44,000, emphasizing the role of profit-taking by medium-term holders. Despite a prolonged streak of bitcoin profitability, historical market behavior suggests pullbacks before a projected $3.2 trillion high by 2024. The current valuation parallels past trends, indicating a potential pullback after reaching the $44,000-$45,000 zone.

BTC Short-Term Holder Profits Have Been Shrinking For 431 Days Now

Data from Glassnode shows the Bitcoin profit in supply held by short-term holders has been going down for 431 days now.

Bitcoin Data: Long-Term Holders Are Currently Putting More Selling Pressure Than Short-Term Holders

On-chain data suggests the Bitcoin Long-Term Holders are currently putting more selling pressure on the market than short-term holders. Bitcoin ...

Glassnode: What Bitcoin Long-Term Holder Cost Basis Tells Us About Bear Market Length

Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin ...

Proshares short Bitcoin ETF has a dismal first day of trading, but gains 380% the next day

The ProShares short Bitcoin ETF had a slow first day of trading, but it wasn't a big deal, and volume surged 380% the next day.

Longer-term Bitcoin holder losses hit two year lows

Bitcoin’s long-term holders are beginning to suffer losses matching those from previous bear markets, and Glassnode believes the pain may continue, and even get worse.

Reasons to Avoid Non-GamStop Sites for Crypto Holders

Bitcoin price tops $51K, extending bulls' short-term target to $56K

Bitcoin’s price broke out of a long-term range that had lasted for months, with a daily close above $50,000, prompting traders to extend their short-term price target to $56,000.

Glassnode: Short-Term Bitcoin Buyers Turn Long-Term Holders

While long-term token sales saw a noticeable uptick last week, holding remains the strategy of choice as more short-term supply is turning into long-term supply.

ProShares files with SEC for Short Bitcoin Strategy ETF

The exchange-traded fund will be based on daily investment results corresponding to the inverse of the return of the CME Bitcoin Futures Contracts Index for a day.