"Bitcoin (BTC), Short-term Investor Exodus Accelerates... Market Awaits Direction"
Minseung Kang
Summary
- It was announced that the Bitcoin holdings of short-term investors have reached their lowest level.
- This suggests a decrease in speculative demand and new market participants in the market.
- Investors are analyzed to be waiting for clear direction in the adjustment phase.
An analysis has emerged indicating that the speculative demand in the market has decreased, with the amount of Bitcoin (BTC) held by short-term investors reaching its lowest level.
On the 14th, blockchain analysis company IntoTheBlock announced on X (formerly Twitter) that "the Bitcoin held by short-term investors has reached its lowest level since mid-November last year."
IntoTheBlock analyzed, "This suggests that speculative interest in the market has decreased and the number of new market participants is also declining," adding, "Investors are waiting for clear direction in the adjustment phase."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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