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Bitcoin Short-Term Holders Have Been in Profit for 30 Consecutive Days, CryptoQuant Reports

(17 days ago) · 1 source · Summarized by CryptoBipto

On-chain analytics firm CryptoQuant has reported that Bitcoin short-term holders have maintained profitability for 30 straight days. The firm suggests this streak is a metric historically associated with improved odds of sustained upward price trends.

WHY IT MATTERS

In crypto, people who bought Bitcoin recently (in the last few months) are called "short-term holders." Think of them like new shoppers at a store — if they are happy with their purchase (meaning the price went up after they bought), they are less likely to return the item (sell their Bitcoin at a loss). When short-term holders stay in profit for an extended period, it suggests that recent demand has been strong enough to keep pushing prices above what new buyers paid. CryptoQuant, a company that studies blockchain transaction data, says this 30-day streak has historically appeared during periods of rising prices. However, past patterns are not guarantees of future results, and this is an observation, not a prediction.

CryptoQuant, a blockchain data analytics company, tracks the behavior of different categories of Bitcoin holders. Short-term holders are generally defined as wallets that have held Bitcoin for less than 155 days.

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SOURCES

  • cointelegraph.com

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BTCOn-Chain AnalysisBitcoin HoldersMarket TrendsCryptoQuant