Bitcoin held by short -term traders reaches the lowest level since mid -November 2024

Donald J. Trump won as the 47th Potus and performed in the rally bitcoins and shares. Now this rally is faced with unforeseen problems. According to Intoleblock, there was a significant decrease in the number of bitcoins held by short -term traders.

According to the chain, the short -term reserves of the BTC reached the lowest point from mid -November 2024. Analysts attribute this to a decrease in interest from speculative traders. In addition, the new market participants have a decrease. The trend also suggests that the market is consolidated, since investors expect more clear prices of price movement.

In addition, several traders on social networks indicated a recent decline. The coefficient of the spent weekend in Bitcoin (SOPR) for short -term holders is weak.

BTC SOPR HART | Source: Cryptoquant

The table above shows the transition from profit to sale. A 7-day simple sliding average (SMA) STH SOPR fell to 0.99. To this end, the sale of losses now slightly exceeds profitable sales.

In addition, this may mean that these traders sell coins, counting more losses than profit. This prompted them to keep sales.

During the last months of 2024, when the BTC reached high maximums, the sauce exceeds 1. This is because the bulls enjoyed the period of profit. Nevertheless, the subsequent market accidents forced the short -term owners to eliminate their positions with a loss.

The long -term activity of the signal holder reduces pressure on sale

Over the past year, BTC Holdings also showed a decrease in long -term investors. According to Darkfost Cryptoquant, a change in long -term owners in a pure position reached a peak of -827 000 BTC. It was when Bitcoin’s price reached $ 97,000 on December 5.

Bitcoin long -term owners of market activity | Source: Cryptoquant

Nevertheless, this figure since then has recovered to -246,000 BTC. This indicates a three -fold decrease in sales pressure. This shift suggests that long -term owners become less prone to sell at current prices. This even happens as the price trends of Bitcoin down.

Over the past 12 months, the amount of bitcoins held by long -term owners is reduced.

Red arrows in the diagram below distinguish similar periods in past cycles.

Although these indicators do not accurately predict the peaks of prices, it is important to understand that long -term … Pic.twitter.com/fllfjl4b6v

– Intotheblock (@intotheblock) January 13, 2025

Darkfost says that although the market remains in the corrective phase, a decrease in sales pressure from long -term owners is a positive signal. In order for the market to move to the bull phase, these owners must return to the accumulation phase.

Another market trader, Percival, notes a slight slowdown in the chain. Currently, the volume remains at the level of $ 12 billion in the exchange of tributaries and outflows. This demonstrates a steady interest in bitcoins, despite recent prices.

BTC short -term trading card MVRV | Source: Crypto -percival.

Nevertheless, the analyst explained that between a short -term cost base of $ 88,000, there is still a discrepancy with the average market value of the short -term owners to the value of the cost (STH MVRV), which can cause problems.

Bitcoin in the middle of the bear race

According to Coingecko in the chain, Bitcoin recently experienced a sharp fall of up to $ 89,000. This happens when key short -term support levels broke. However, the price has quickly recovered. Currently, he holds his previous level of key support, violating the price barrier of $ 95,000 and passes into his hands above him.

This template is known as “stop hunting.” This often signals an increase in volatility and opens up the possibility of changing the trend. Analysts note that for complete turning, activity from the main market players is important.

Despite the potential for change, data from Coinbase Premium Gap (CPG) suggest that whale organizations are still focused on sale.

Unlike previous market failures, where the purchase of whales has accumulated significant offers, this time such activities were not discovered.

Market traders believe that the lack of noticeable whale activity from exchanges such as Binance enhances bearish moods in the market.

Indicators indicate short -term sales pressure

Meanwhile, indicators such as sales coefficient reflect the dominance of market sales. Currently, the proposal exceeds demand in the short term. This behavior often coincides with a significant decrease in profit at the levels of resistance, which leads to prices that precede the “lateral” trade periods.

BTC Taker Buy Buy Catio Cartio | Source: Cryptoquant

Short -term holders They drove recent sales. They often eliminate positions with virtually without profit, which helps to increase the volatility of the market and place Downward pressure on the price of BTC.

On the price schedule, according to the visible, the bear structure is formed. In the coming weeks, there is a high probability of continuing the decline.

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