Bitcoin holders sell long -term, but prices carry – new buyers enter? star-news.press/wp

Bitcoin (BTC) has been in the range between $ 100,000 and $ 110,000 since May, providing few evidence about its next directional step. Although this side procedure for the price may be frustrating for merchants, the chain indicators indicate that there may be further occurrence under the surface.

They sell their holders in the long term bitcoin

According to Cryptoquant Quicktake Post recently by Yonsi_dent shareholder, LTHS holders (LTHS)-those who held BTC for more than six months-were constantly selling their coins. Two main indicators, the ages of the consuming output (SOAB) and the bilateral currency days that were destroyed (CDD), support this observation.

For beginners, SOAB is a scale on the series that tracks the bitcoin era that is spent, and the classification of metal currencies based on the time it was killed before moving. It helps to determine whether it is currently short or long -term holders, which reveals transformations in investor behavior and the wider market trends.

Likewise, CDD is a simplified scale on the chain that shows whether LTHS spends any coins on a specific day-represented as “Yes” (1) or “No” (0). Unlike the traditional CDD, it only focuses on the presence or lack of LTH activity, which makes it easy to discover direction changes in a long -term standing behavior.

What is noticeable, according to Yonse_dent, is that despite this fixed sale by LTHS, the BTC price did not collapse. The analyst added: The fact that the market absorbs this pressure pressure indicates that the new demand – perhaps from new buyers – is interfering.

For the budget trend to maintain this type of healthy rotation (from strong hands to new buyers) is necessary. In this context, LTH spending is not a warning sign – it’s actually a constructive signal.

In addition, there is an increased activity of holders who acquired BTC one to three years ago. This probably reflects profit by those who bought during the lowest levels of the previous session.

However, such a sale does not necessarily indicate weakness. On the contrary, it indicates a transition in market leadership from the elderly to the new bearers-a dynamic that usually appears in the mid-to medium market.

In conclusion, Yonsi_dent believes that the encryption market is likely at a stage of “quiet redistribution”, where the LTH sale is matching adequate demand on the purchase side-which is likely to put the way for the next strong movement.

Not all analysts are optimistic

Despite the constructive signals of SOAB and CDD, the bilateral, no All analysts are convinced of hacking in the short term. For example, the percentage of Bitcoin Mvrv is Show Signs of fatigue in the bull market.

Likewise, even after the last price recovery, Bitcoin network activity remains Silently silent – raising concerns about a broader deficiency in the user’s participation. At the time of the press, BTC is trading at 107,781 dollars, a decrease of 0.1 % over the past 24 hours.

Distinctive image from Unsplash.com, plans from Cryptoquant and TradingView.com

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