[Analysis] "Bitcoin Short-Term Holder UTXO Realized Price Falls Below Mid-Term Holder... Possibility of Adjustment"
Summary
- It was reported that the UTXO realized price of Bitcoin short-term holders is lower than that of mid-term holders, raising the possibility of an adjustment.
- It was stated that the realized price bands of short-term holders from 1 week to 1 month and 1 month to 3 months have recently fallen below the holder band of 3 months to 6 months.
- It was pointed out that in the past, when such patterns appeared, Bitcoin entered a correction phase or cooling period.
A phenomenon has been observed where the UTXO realized price of Bitcoin (BTC) short-term holders is lower than that of mid-term holders, raising the possibility of an adjustment along with a change in market sentiment.
According to CryptoQuant author BilalHuseynov on the 18th (local time), the UTXO realized price bands of Bitcoin short-term holder groups, 1 week to 1 month (green) and 1 month to 3 months (purple), have recently fallen below the 3 months to 6 months (blue) band.
Regarding this, the author explained, "This indicates that short-term holders are disposing of their holdings at a loss, or that the average purchase price of new entrants has become lower than that of existing holders," adding, "In the past, such patterns have occurred just before Bitcoin (BTC) entered a correction phase or cooling period."
Suehyeon Lee
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