"Short-term Bitcoin Investors Cut Losses, Long-term Investors Accumulate More"

Source
Son Min

Summary

  • It was reported that there is a difference in investment behavior between short-term investors and long-term investors in the Bitcoin market.
  • Short-term investors are exiting the market, accepting losses.
  • Long-term investors are absorbing the selling pressure and accumulating more.

As Bitcoin (BTC) shows a downward trend, an analysis has emerged highlighting the difference in investment behavior between short-term and long-term holders.

On the 9th (local time), CryptoQuant stated on X, "There is a clear difference in the behavior between short-term and long-term holders," adding, "Short-term investors are exiting the market, accepting losses, while long-term investors are absorbing the selling pressure."

As of 9:43 PM, Bitcoin is trading at $76,421 on the Binance USDT market, down 4.05% compared to 24 hours ago.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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