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 forโฆ 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 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.
2 min read
Updated: Jan. 9, 2024 at 3:25 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.