Bitcoin's climb above $30,000 sent ripples throughout the crypto market. With their eyes fixed on the tumultuous tide, short-term holders are sparking intrigue. Encapsulating their market sentiment are the STH-NUPL and STH-MVRV values, which hint at a cautious optimism amidst these minor players. But a rapidly decreasing Bitcoin supply under their helm begs a paramount question: Is the game of profits nearing its end, or are we yet to witness a dramatic turnaround? Unveil this conundrum in our exclusive Alpha content...
Bitcoin is soaring, and short-term holders are here for the ride Bitcoin is soaring, and short-term holders are here for the ride
This week's Bitcoin rally saw short-term holders cashing in and bouncing back.
3 min read
Updated: Oct. 25, 2023 at 7:08 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.