Summary
- Alphractal revealed that the holdings of short-term holders of cryptocurrencies have increased.
- The market has grown, but it has not reached an extreme state of euphoria.
- It hinted at the possibility of further increases in Bitcoin.
An analysis has emerged stating that the cryptocurrency market has not yet reached a state of extreme euphoria.
On the 27th (local time), the on-chain data analysis platform Alphractal announced on X, "The holdings of cryptocurrencies by short-term holders (up to 1 month) are increasing," but also noted, "This indicator has not reached the high levels observed in previous cycles." It continued, "This suggests that while the market size has increased, it has not yet reached a state of extreme euphoria," hinting at further increases in Bitcoin.
According to Alphractal, the increase in cryptocurrency holdings by short-term holders (up to 1 month) tends to coincide with the cyclical peaks of Bitcoin prices.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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