Watch the markets hold their breath: Bitcoin's recent surge hints at the high stakes awaiting the SEC's decision on the first-ever spot Bitcoin ETF. As Bitcoin breaks free from weeks of stagnation, on-chain data uncovers a pattern of cautious hope. Exchange wallets are witnessing a telling decline in Bitcoin as investors appear to hunker down for the long term, but it's not just the holding patterns that are turning heads. With a significant shift in behavior between short- and long-term holders, the stage is set for… Hold tight as we examine the signs and potential outcomes of a pivotal event that could reshape the crypto landscape. Discover what might follow if supply squeezes meet a hungry market post-decision.
![Exchange flows show short term buyers preparing for volatility while long term hodl](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/01/exchange-flows.jpg&w=70&h=37&q=75)
Exchange flows show short term buyers preparing for volatility while long term hodl
On-chain metrics reveal a strategic stance by Bitcoin investors as SEC ETF decision looms.
![Exchange flows show short term buyers preparing for volatility while long term hodl](https://cryptoslate.com/wp-content/uploads/2024/01/exchange-flows-768x403.jpg)
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