Bitcoin has shown some impressive strength above the $34,000 mark despite a high amount of profit-taking from short-term holders.
Bitcoin Short-Term Holders Are Selling, While Long-Term Holders Are Still Quiet
As explained by analyst James V. Straten in a new post on X, the short-term holders are currently participating in one of the strongest profit-taking events of the past couple of years.
The “short-term holders” (STHs) here refer to all those Bitcoin investors who have been holding onto their coins since less than 155 days ago. This group comprises one of the two main divisions of the BTC market, with the other being called the “long-term holders” (LTHs).
Statistically, the longer an investor keeps their coins dormant, the less likely they become to sell them at any point. Because of this reason, the STHs are generally the weak-minded hands of the sector, while the LTHs are the strong, persistent holders.
Whenever the sector goes through any significant FUD or FOMO, the ST
We współpracy z: https://www.newsbtc.com/bitcoin-news/bitcoin-solid-34000-high-short-term-holders/
