Summary
- It was reported that the Net Position of short-term Bitcoin holders has surged from -$4.9 billion to $500 million.
- Short-term holders are actively buying Bitcoin.
- This increase in buying raises the likelihood of a market top and indicates the occurrence of a FOMO (Fear of Missing Out) phenomenon.
The Net Position Realized Cap of short-term Bitcoin (BTC) holders has shown a sharp rise.
On the 30th (local time), Amr Taha, a contributor at CryptoQuant, reported that "short-term holders are actively purchasing Bitcoin," stating that "the Net Position Realized Cap based on realized market capitalization for short-term Bitcoin holders has significantly increased from -$4.9 billion to $500 million."
He further commented, "This is a factor that increases the potential for a market top. It suggests that retail investors are experiencing FOMO (Fear of Missing Out) about Bitcoin."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
