Bitcoin Long-Term Holders Cut Back Selling Pressure Amid Market Uncertainty, ...
Since the general crypto market entered a volatile period, Bitcoin has faced persistent heightened selling pressure from investors and traders in the past weeks, causing BTC’s price to drop sharply toward the $93,000 support level. After a period of bearish behaviors, optimism seems to have returned to the market as evidenced by a reduction in […]
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On-chain data suggests the Bitcoin Long-Term Holders are currently putting more selling pressure on the market than short-term holders. Bitcoin Long-Term Holder SOPR Has Spiked Up In Recent Days As explained by an analyst in a CryptoQuant post, Short-Term Holders and US investors haven’t sold as much lately as during the start of June. The […]
After days of trading above the $90,000 price mark, Bitcoin has officially lost this key support level as the market turns increasingly volatile on Wednesday. While the price of BTC continues its downward trend, the ongoing selling pressure from long-term holders does not seem to be slowing down. Long-Term Bitcoin Holders Extend Their Selling Trend […]
Bitcoin is showing signs of renewed weakness as short-term investors begin to fold under selling pressure. According to the latest data from CryptoQuant, the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) has fallen to 0.992, its lowest level since late April. This key on-chain metric tracks the average profit or loss realized by Bitcoin holders who have owned their coins for less than 155 days — a group often associated with speculative or reactive behavior. Related Reading: Kadena Shuts Down Operations – Team Confirms Immediate Cease Of All Activities When the STH-SOPR dips below....
Although long-term coin selling saw a marked increase last week, HODLing is still the preferred strategy as more of the short-term supply is becoming long-term supply. Over the past week, long-term holders of Bitcoin increased their spending to a level that suggests de-risking from the market, but hodling remains the predominant investing strategy.Uncertain macroeconomic headwinds are likely to have precipitated the increase in the sell-offs last week by long-term holders and shaken some short-term holders out of their positions according to data from blockchain analytics firm Glassnode.....
XRP is under heavy selling pressure as fear spreads across the crypto market, pushing sentiment into one of its most fragile stages of the cycle. What was once a euphoric rally earlier this year has steadily shifted into denial among long-term holders — and now anxiety is beginning to dominate. With XRP flirting dangerously with […]