đ Bitcoin short-term holder holdings rise to 4.08 million coins $BTC $ETH $BNB
On-chain data shows that BTC short-term holder holdings have reached 4.08 million coins, the highest level since mid-June. Since the July low, they have accumulated 422,000 coins, with most of the new supply acquired in the 82,000â86,000 range.
đData insights
- Short-term holders' average cost is around 74,900, and their profit cushion has narrowed to 10%. With the price nearing their cost basis, the risk of selling pressure is increasing.
â
- The transfer of coins to short-term traders indicates a resurgence in market speculation. However, these holdings are less stable, and negative news could trigger concentrated selling.
â
- Long-term holders have not significantly loosened their grip on their coins, and the mid-term holder base has not been fundamentally undermined.
â ïžKey market points
- Positive: New funds are entering the market, and attention is picking up.
âMusk đ„âđ¶M ar v inâŹïžâŹïžâŹïž11.1đđ
- Risk: Short-term holdings are concentrated, making waves in the market more likely to trigger widespread profit-taking and panic selling. #æŻçčćžçæææè æä»ćèł408äžæ #æŻçčćžććèł8.2äžçŸć #çŸèćš10æć æŻæŠçéèłçșŠ17% #
On-chain data shows that BTC short-term holder holdings have reached 4.08 million coins, the highest level since mid-June. Since the July low, they have accumulated 422,000 coins, with most of the new supply acquired in the 82,000â86,000 range.
đData insights
- Short-term holders' average cost is around 74,900, and their profit cushion has narrowed to 10%. With the price nearing their cost basis, the risk of selling pressure is increasing.
â
- The transfer of coins to short-term traders indicates a resurgence in market speculation. However, these holdings are less stable, and negative news could trigger concentrated selling.
â
- Long-term holders have not significantly loosened their grip on their coins, and the mid-term holder base has not been fundamentally undermined.
â ïžKey market points
- Positive: New funds are entering the market, and attention is picking up.
âMusk đ„âđ¶M ar v inâŹïžâŹïžâŹïž11.1đđ
- Risk: Short-term holdings are concentrated, making waves in the market more likely to trigger widespread profit-taking and panic selling. #æŻçčćžçæææè æä»ćèł408äžæ #æŻçčćžććèł8.2äžçŸć #çŸèćš10æć æŻæŠçéèłçșŠ17% #
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