murphy

Analysis: Over the past 3–6 months, the people taking on BTC mostly aren’t in a hurry to realize profits; they’ve shifted to medium- to long-term holds

On-chain analyst Murphy observed: In the past roughly 3 to 6 months, among the groups that bought Bitcoin, most are not willing to directly close out profits right now. Instead, they’ve moved their positions from short-term trading to medium- to long-term holding.

The implication is straightforward—these coins are no longer eager to churn frequently. The floating sell pressure has thinned, and the market has shifted from “take a little profit and run” to “hold through cycles.” Short-term volatility is still there, but if these buyers keep locking up their holdings, the market will be more driven by trends and macro factors rather than intraday sentiment.

#BTC #Murphy

The group that bought BTC within the past 3–6 months mostly does not want to realize profits at the current price, and is more inclined to switch to medium- to long-term trading.

#BTC #Murphy