"Large Movement of Bitcoin Detected... Volatility Expected to Increase"

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Summary

The confirmation of a large movement of Bitcoin has raised the possibility of increased price volatility.
CryptoQuant stated that "170,000 BTC have moved from short-term holder addresses."
It was reported that price fluctuations have occurred in the past due to selling pressure from short-term holders.

A large movement of Bitcoin (BTC) has been detected, leading to analysis suggesting that price volatility may increase.

According to Cointelegraph on the 18th (local time), CryptoQuant reported that "170,000 BTC have moved from short-term holder addresses (3-6 months held)," indicating that "Bitcoin price volatility may increase." They further stated, "This instance is the largest transfer level since the end of 2021," adding, "In the past, when short-term holders moved large amounts of Bitcoin, the price fluctuated significantly in both upward and downward directions."

Previously, CryptoQuant identified short-term holders as the main agents of the current Bitcoin selling pressure. The media noted, "Short-term holders are very sensitive to temporary narratives," and added, "The recent decline in Bitcoin prices occurred alongside panic selling by short-term holders."

BTC